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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.
maria has a slice of pizza that is 1/6 of the pizaa.Ben has a slice of pizza that is 1/3 of the pizza, marias slice is bigger.draw pizzas to show how this is possible.
tracing of cardidods
classify problems in operation reseach?
x+3=2
find the value of A and B if the following polynomials are perfect square:
Q. Show Frequency Tables? Ans. A frequency table is used to show how often a piece of data occurs. Example: Michelle decides to keep track of the number of phone call
Can you think of some more advantages of peer interaction and child-to child learning? If you agree that children learn a lot from each other, then how can we maximise such oppo
The two sides of a triangle are 17 cm and 28 cm long, and the length of the median drawn to the third side is equal to 19.5 cm. Find the distance from an endpoint of this median to
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Express the GCD of 48 and 18 as a linear combination. (Ans: Not unique) A=bq+r, where o ≤ r 48=18x2+12 18=12x1+6 12=6x2+0 ∴ HCF (18,48) = 6 now 6
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