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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.
Terry earns $680 per week. He is entitled to 4 weeks annual leave and receives an additional holiday loading of 17.5%. Calculate his total pay for this holiday period.
A painter leans a 10-foot ladder against the house she is to paint. The foot of the ladder is 3 feet from the house. How far above the ground does the ladder touch the house? Appro
Greatest Common Factor The primary method for factoring polynomials will be factoring the greatest common factor. While factoring in general it will also be the first thing
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Derive for the filter from z=a and poles at z=b andz=c, where a, b, c are the real constants the corresponding difference equation. For what values of parameters a, b, and c the fi
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Solve the following pairs of simultaneous equations by elimination method i.2x+y=10 ii. 3x+y=6 3x-2y=1 5x+y=8 solve the following simult
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Fermat's Theorem If f(x) has a relative extrema at x = c and f′(c) exists then x = c is a critical point of f(x). Actually, this will be a critical point that f′(c) =0.
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