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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.
You have just renegotiated the interest rate of your home mortgage loan. (This is called rate modification.) The original loan of $400,000 carries an interest rate is 6% has an or
What is Terminology of Quadratic Functions ? The function in x given by: F(x) = ax 2 + bx + c, where a 0 is called a quadratic function. The graph of a quadratic function is
R is called as a transitive relation if (a, b) € R, (b, c) € R → (a, c) € R In other terms if a belongs to b, b belongs to c, then a belongs to c. Transitivity be uns
Melisa and Jennifer threw a fiftieth birthday party for their father at a local restaurant. While the bill came, Melisa added a 15% tip of $42. Jennifer said in which the service w
If tanA+sinA=m and tanA-sinA=n, show that m 2 -n 2 = 4√mn Ans: TanA + SinA = m TanA - SinA = n. m 2 -n 2 =4√mn . m 2 -n 2 = (TanA + SinA) 2 -(TanA - SinA) 2
how to work out consumer arithmetic?
What is Exponents values? Exponents were invented as a quick way to show that you are multiplying a number by itself several times. It's too much trouble to write something
How to do assignment Marketing Mix
Keith wants to know the surface area of a basketball. Which formula will he use? The surface area of a sphere is four times π times the radius squared.
Whats some negative integers that equal 36
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