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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.
Normal Distribution Figure 1 The normal distribution reflects the various values taken by many real life variables like the heights and weights of people or the ma
prove that the composition of two simple harmonic of the same period and in the same straight line is also a simple harmonic motion of the same period.
how i found largest cluster in percolation
l+bx2= 5000+100x2
x2+y2 r=12
The last topic that we want to discuss in this section is that of intercepts. Notice that the graph in the above instance crosses the x-axis in two places & the y-axis in one plac
Arc Length - Applications of integrals In this part we are going to look at determining the arc length of a function. As it's sufficiently easy to derive the formulas that we'
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Probability of A is 85% Probability of B is 45% Probability A and B 56% What is the probability of not either A or B?
A mailbox opening is 4.5 inches high and 5 inches wide. Determine the widest piece of mail able to ?t in the mailbox without bending? a. 9.5 inches b. 2.2 inches c. 6.7 in
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