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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.
Euler's Method Up to this point practically all differential equations which we've been presented along with could be solved. The problem along with this is which the exceptio
p=0
Mr. Pelicas took his family out to dinner. The bill was $65.00. He would such as to leave a 20% tip. How much should he leave? Find 20% by multiplying $65 through the decimal e
Have 20 questions
A 10 m ladder of 150N is placed at an angle 30degrees to a smooth wall at point A and the other end (point B) on the ground. Assume that the weight of the ladder acts at its mid po
How do mensuration relate to the real life issues
what is the value of integration limit n-> infinity [n!/n to the power n]to the power 1/n Solution) limit n-->inf. [1 + (n!-n^n)/n^n]^1/n = e^ limit n-->inf. {(n!-n^n)
A police academy is training 14 new recruits. Some are working dogs and others are police officers. There are 38 legs in all. How many of each type of recruits are there?
#math assignment
State & Prove the arden theorem
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