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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.
Consider the following proposal to deskew a skewed bitstream from a TRNG. Consider the bitstream to be a sequence of groups ot n bits for some n > 2. Take the first n bits, and o
( a+2b)x + (2a - b)y = 2, (a - 2b)x + (2a +b)y = 3 (Ans: 5b - 2a/10ab , a + 10b/10ab ) Ans: 2ax + 4ay = y , we get 4bx - 2by = -1 2ax+ 4ay = 5 4bx- 2by = - 1
compare 643,251;633,512; and 633,893. The answer is 633,512
Q. Find the number of ways three letter "words" can be chosen from the alphabet if none of the letters can be repeated? Solution: There are 26 ways of choosing the first lett
Describe Independent Events in maths? Events are independent if the outcome of one event does not affect the outcome of the second event. If A represents one independent event
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5 years however, a man's age will be 3times his son's age and 5 years ago, he was 7 times as old as his son. Find their present ages.
Larry earned $32,000 per year. Then he received a (3)1/4% rise. What is Larry's salary after the raise? If Larry earns a (3) 1/4 % (or 3.25%) raise, he will earn 103.25% of his
define algorithm of pert and pert with suitable examples
It's now time to do solving systems of differential equations. We've noticed that solutions to the system, x?' = A x? It will be the form of, x? = ?h e l t Here l and
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