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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.
do you have a decimal place value chart
A man in rested rupee 800 is buying rupee5 shares and then they are selling at premium of rupee 1.15.he sells all the share.find profit?
Euler''''s Constant (e) Approximate the number to the one hundredth, one ten-thousandths, and one one-hundred-millionth.
Partial Derivatives Partial derivatives are used while we want to investigate the effect of one independent variable on dependent variable. For illustration, the revenues of a
Find out all the critical points for the function. Solution Following is the derivative for this function. Now, this looks unpleasant, though along with a little fa
If one acre costs $2500 how much does .39 of an acre cost?
Find out if the following sets of functions are linearly dependent or independent. (a) f ( x ) = 9 cos ( 2 x ) g ( x ) = 2 cos2 ( x ) - 2 sin 2 ( x ) (b) f
Steve earned a 96 percent on his ?rst math test, a 74% on his second test, and an 85 percent on his third test. What is his test average? Add the test grades (96 + 74 + 85 = 25
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Describe Multiplication of two vectors.
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