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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.
express each logariths in terms of log3 P and log3 Q. 1. log3 P^2 Q^3
find the normalised differential of the following {1,x,x^3}
find the greater value of a and b so that the following even numbers are divisible by both 3 and 5 : 2ab2a
The form x2 - bx + c ? This tutorial will help you factor quadratics that look something like this: x 2 -7x + 12 (No leading coefficient; negative middle coefficient; p
Example Factorize x 2 - 4x + 4. If we substitute x = 1, the value of the expression will be (1) 2 - 4(1) + 4 = 1 If we substitute x = -1, the value o
Tommy has a Nexus 4 that charges poorly. He placed his phone to charge,after 20 minutes the phone was 27% and after 85 minutes the phone was at 66%. Find how many percentage the p
Find the normalized differential equation which has {x, xex} as its fundamental set
12. List the merits and limitations of using North West corner rule.
how to get the objective report?
Simple derivatives Example Differentiate following. (5x 3 - 7 x + 1) 5 ,[ f ( x )] 5 ,[ y ( x )] 5 Solution: Here , with the first function we're being asked to
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