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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.
You are painting the surface of a silo that has a diameter of 16 ft and height of 50 ft. What is the net surface area to be painted? Consider the top of the silo is 1/2 a sphere
a muffin recipe calls for three forth of a cup of sugar and one eight of a cup of butter. travis accidentally put in one whole cup of butter. how much sugar does travis need to put
While we first looked at mechanical vibrations we looked at a particular mass hanging on a spring with the possibility of both a damper or/and external force acting upon the mass.
nature of operation research
What are the Three Sides of a Right Triangle? Each side of a right triangle can be labeled opposite, adjacent, or hypotenuse, based on its relationship to the right angle and o
Need two equal fractions multiply and divide 1/6 3/4 5/15 2/7 20/25 24/36 4/9
project
how do you divide
log2(x^2)=(log2(x))2
find the area of this figure in square millimeter measure each segment to the nearest millmeter
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