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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.
Determine if the following series is convergent or divergent by using Radio Test. Solution With this first illustration let's be a little careful and ensure that we h
Maria has a slice of pizza that is1/6 the pizza. Ben has a slice of pizza that is 1/3 of the pizza . Maria''s slice is bigger .draw pizzas to show how this possible .
There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs are choosen at random then what is the probability of there are just 3defective bulbs
(a) Assume that A is a m 1 ×m 2 matrix and B is a m 2 ×m 3 matrix. How many multiplications are required to calculate the matrix product AB? (b) Given that A 1 is a 20 × 50 m
Partial Fractions - Integration techniques In this part we are going to take a look at integrals of rational expressions of polynomials and again let's start this section out w
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i m making a project on share and dividend. will u pls give the all of 10pages information ?
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ln(4x+19)=ln(2x+9)
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