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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.
Find all the eighth roots of (19 + 7 i)
#question what is input and output analysis
i have trouble going through problem in this lesson. Markdown and Markups are theh ones im stuck in
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A painting was purchased 11 years ago for $26900. It has just been sold for $78000. Calculate the flat rate of appreciation p.a.
Can you show that a slope will vary along a curve (as opposed to a straight line)?
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