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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.
On 30 June 2012 Bill purchase a home by taking out a 30 year mortgage of $600,000 at 6% interest per annum, compounded months. Repayments are made at the end of each month. (a) Cal
program of curve revolve and create a surface
outdoor grill- regular price:$360 discount:33 1/3%
RATIONAL NUMBERS All numbers of the type p/q where p and q are integer and q ≠0, are known as rational. Thus it can be noticed that every integer is a rational number
#question when equation of tangent T=0 and why
We are here going to begin looking at nonlinear first order differential equations. The first type of nonlinear first order differential equations which we will see is separable di
Here we know x can only be 1 or -1. so if it is 1 ans is 2. if x is -1, for n even ans will be 2 if x is -1 and n is odd ans will ne -2. so we can see evenfor negative x also an
7 is what percent of 105?.
A bourbon that is 51 proof is 25.5% alcohol by volume while one that is 82 proof is 41% alcohol. How many liters of 51 proof bourbon must be mixed with 1.0 liter of 82 proof bourbo
If OA = OB = 14cm, ∠AOB=90 o , find the area of shaded region. (Ans:21cm 2 ) Ans: Area of the shaded region = Area of ? AOB - Area of Semi Circle = 1/2 x 14 x
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