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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.
When Ms. Jones retired, she received a lump sum of $1,000,000 from her pension plan. She then invested this sum in an annuity account that would pay her an equal amount at the end
A man buys rs50 shares of a company paying 12% of dividendat premium ofof rs10 find market value of 320 shares and profit%
The subsequent force that we want to consider is damping. This force may or may not be there for any specified problem. Dampers work to counteract any movement. There are some w
Your factory has a machine for drilling holes in a sheet metal part. The mean diameter of the hole is 10mm with a standard deviation of 0.1mm. What is the probability that any
How can I solve the in-equations? Assist me.
matrix of [1 4 ] [a b]=4/9
how to write a thesis
1/8 +2 3/4
Kevin invested $4,000 in an account which earns 6% interest per year and $x in a different account that earns 8% interest per year. How much is invested at 8% if the total amount o
what is fraction?
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