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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.
6x-4+3x+6 -2a-8b-5a+10b
3x+y=9 5x-y=7
Now come to addition and subtraction of rational expressions. Following are the general formulas. (a/c) + (b/c) = (a + b)/c
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a triangle with side lengths in the ratio 3:4:5 is inscribed in a circle of radius 3.what is the area of the triangle.
From a point P, two tangents PA are drawn to a circle with center O.If OP=diameter of the circle show that triangle APB is equilateral. Ans: PA=PB (length of tangents
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Find out the hydrostatic force on the following triangular plate that is submerged in water as displayed. Solution The first thing to do here is set up an axis system
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