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A department store faces a decision for a seasonal product for which demand can be high, medium or low. The purchaser can order 1, 2 or 3 lots of this product before the season begins but cannot reorder later. Profit projections (in thousands of euro) are shown below
1. If the probabilities are 0.3 for high, 0.3 for medium and 0.4 for low, what is the recommended order quantity? Calculate the expected return based on these values.
2. Simulate twenty seasons and identify the recommended order quantity from this simulation.
3. Calculate the average return based on the simulated demand and compare your result with the expected return.
the limit of f(x) as x approaches 5 is equal to 7. write the definition of limit as it applies to f at this point
Caterer verifies that 87% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000 taken. The 144 are asked to sample the food. If
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determine the square of the following numbers ... a.8 b.13 c.17 and d.80
13 1/4 34 56/89
In a class, all pupils take Mathematics (M), 18 take Chemistry (C), 17 take Biology (B) and 24 take Physics (P) of those taking 3 subjects only, 5 take Physics and Chemistry, 7 ta
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What is a review technique? What are its advantages and disadvantages?
One day it snowed 3 and 3/8 inches in Altoona and 3.45 inches in Bethlehem. Which city received less snow that day.
Evaluate the area of the region. a. 478 units 2 b. 578 units 2 c. 528 units 2 d. 428 units 2 b. Refer to the diagram to evaluate the area of the shaded
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