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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.
Evaluate following. (a) 625 3/4 Solution (a) 625 3/4 Again, let's employ both forms to calculate this one. 625 3/4 =( 625 1/4 ) 3 =(5) 3 = 12
what''s the beneit of study mathematics ?
Question 1: What is the minimum number of students each of whom comes from one of the 50 different states, enrolled in a university to guarantee that there are at least 100 who
Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.
how do you convert ft to yds, yds to in,and etr
1.Verify Liouville''s formula for y "-y" - y'' + y = 0 in (0, 1) ? 2.Find the normalized differential equation which has {x, xex} as its fundamental set. 3.6Find the general soluti
find the matrix of the linear transformations T:R2->R2 defined by T(x,y,z)=(x+2y,x-3z).
Aaron is installing a ceiling fan in his bedroom. Once the fan is in motion, he requires to know the area the fan will wrap. What formula will he use? The area of a circle is π
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