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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.
1000000 divided by 19
If the diameter of a right cylinder is doubled and the height is tripled, its volume is a. multiplied by 12. b. multiplied by 2. c. multiplied by 6 d. multiplied by 3.
AskIf y=e^(a?sin?^(-1) x), prove that (1 – x2)yn+2 – (2n + 1)xyn+1 – (n2 + a2)yn = 0. Hence find the value of yn when x = 0. question #Minimum 100 words accepted#
Ipswich has two ambulances. Ambulance 1 is based at the local college and ambulance 2 is based downtown. If a request for an ambulance comes from the local college, the college-bas
round to the nearest hundreths 1677.76
A=30, B=45, b=4
three years ago,Rica was thrice as old as dandy.Three years hence,she will be twice as old.Find their present.
The Definite Integral Area under a Curve If there exists an irregularly shaped curve, y = f(x) then there is no formula to find out
outdoor grill- regular price:$360 discount:33 1/3%
Determine and classify all the critical points of the given function. Described the intervals where function is increasing & decreasing. Solution: Firstly we'll require
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