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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.
Steve Fossett is going the shores of Australia on the ?rst successful solo hot air balloon ride around the world. His balloon, the Bud Light Spirit of Freedom, is being escorted
The ratio between the length and breadth of a rectangular field is 11:7. The cost of fencing it is Rs. 75,000. Find the dimensions of the field
sir i want to ask u a question and that is if we simplify this what will be the answer.(9x-45z+6y-100z+5x)
5645.356 turn into fraction
1,500cm m
Determine the value of the unknown side of a right triangle: The two legs of a right triangle are 5 ft and 12 ft. How long is the hypotenuse? Now Let the hypotenuse be c ft.
Let's here start thinking regarding that how to solve nonhomogeneous differential equations. A second order, linear non-homogeneous differential equation is as y′′ + p (t) y′ +
How many permutations of the letters A B C D E F G H consist of string DEF? Ans: It is the dilemma of finding number of words that can be formed along with the given 8 lette
S olve the subsequent IVP. dv/dt = 9.8 - 0.196v; v(0) = 48 Solution To determine the solution to an Initial Value Problem we should first determine the gen
please help me in my assignment, explain Applications of Markov Chains in Business.
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