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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.
Evaluate following limits. (a) (b) Solution There in fact isn't a whole lot to this limit. In this case because there is only a 6 in the denominator we'l
(a+b+c)2=
Prove that one of every three consecutive integers is divisible by 3. Ans: n,n+1,n+2 be three consecutive positive integers We know that n is of the form 3q, 3q +1, 3q +
4x+3y+7=0 and 3x+4y+8=0 find the regression coefficient between bxy and byx.
1. a) Given a digraph G = (V,E), prove that if we add a constant k to the length of every arc coming out from the root node r, the shortest path tree remains the same. Do this by
A MANUFACTURING UNIT IS INTERESTED IN DEVELOPING A BENEFIT SEGMENTATION OF THE CAMERA MARKET. SUGGEST SOME MAJOR BENEFIT SEGMENT WITH MARKET TARGETING STRATEGIES?
The area of a rectangular yard is 480 square feet. The yard is 24 feet wide. How many feet do I need to fence all four sides?
What is the slope of the line tangent to f(x)=3-2 ln(2x^2+4) at the point (4, f(4))
What is 123x456x789
Please, I want to know and study "stability 0n predictor -corrector method .My gmail is [email protected] heap and kind to me .Thanks for this.
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