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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 probability of drawing a diamond card in each of the consecutive draws from a well shuffled pack of cards,if the card drawn is not replaced after the first draw.
HOW DOES A CHILD THINK? : You must have interacted with children of various ages. From your experience, do you feel that children start learning, from a very early age, and conti
write 107 in expanded form.
A circular print is being matted in a square frame. If the frame is 18 in by 18 in, and the radius of the print is 7 in, what is the area of the matting? (π = 3.14) a. 477.86 in
It refers to the ratio of the explained variation to the total variation and is utilized to measure the strength of the linear relationship. The stronger the linear relationship th
A number x is chosen at random from the numbers -3, -2, -1, 0 1, 2, 3. What is the probability that | x| Ans : x can take 7 values To get |x| Probability (| x |
Integrals Involving Trig Functions - Integration techniques In this part we are going to come across at quite a few integrals that are including trig functions and few metho
ogive for greater than &less than curves
alternate segment theorum
the formulas of the area of solid figures
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