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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.
3x+3/x2 -6x+5
Find the sum of all natural numbers amongst first one thousand numbers which are neither divisible 2 or by 5 Ans: Sum of all natural numbers in first 1000 integers which ar
how to know if it is function and if is relation
Have 20 questions
Show all your work. 80% of your score is for correct justified answers; 20% is for correctly and clearly demonstrating why. For the graphing problems, use www.desmos.com/calculator
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a ,b,c are complex numbers such that a/1-b=b/1-c=c-1-a=k.find the value of k
Numerical analysis university
round 200 to nearest hundreds
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