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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.
find the value of A and B if the following polynomials are perfect square:
solving sums
The hypotenuse of a right triangle is 20m. If the difference between the length of the other sides is 4m. Find the sides. Ans: APQ x 2 + y 2 = 202 x 2 + y 2 = 400
STRATEGY It refers to a total pattern of choices employed by any player. Strategy could be pure or a mixed one In a pure strategy, player X will play one row all of the
We know that a factor is a quantity which divides the given quantity without leaving any remainder. Similar to LCM above we can find a highest common factor (HCF)
How do I choose a distribution test for a sample size of 60? Probability of rolling a 4 on a six sided die.
4 accounting majors, 2 economics majors and 3 marketing majors have an interview for5 different positions with a large company. Find the number of dfferent ways that 5 of these c
In Daniel's fifth grade class, 37.5% of the 24 students walk to school. One third of the walkers got a ride to school presently from their parents. How many walkers got a ride to s
x^2-5x+4 can written in roots as (x-1)*(x-4) x^2-4 can be written interms of (x-2)(x+2).so [(x-1)(x-4)/(x-2)(x+2)]
how do you solve quadratic equations by factoring?
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