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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.
5.6:4=x:140
how do you differentiate sinx/ex?
assigenment of b.sc. 1st sem
Integration We have, so far, seen that differential calculus measures the rate of change of functions. Differentiation is the process of finding the derivative
4.2^2x+1 - 9.2^x + 1=0
Vector theories
I am learning this at school today and I started getting confused which one is which, can you help me?
Unit Vector and Zero Vectors Unit Vector Any vector along with magnitude of 1, that is || u → || = 1, is called a unit vector. Zero Vectors The vector w → = (
Shirts numbered consecutively from 1 to 20 are worn by 20 members of a bowling league. While any three of these members are selected to be a team, the league aims to use the sum of
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