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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 area bounded by the curve y=5x^2-4x+3 from the limit x=0 to x=5
Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the
different types of rectilinear figures
1 1 1 1 1 2 1 2 ? and 40/2=? 2/40=?
What is Angle Pairs? Two angles are adjacent angles if they have the same vertex and share one side. Vertical angles are a pair of nonadjacent angles formed by two intersecting
Barbara is packing a wedding gift that is contained within a rectangular box 20 by 18 by 4 in. How much wrapping paper will she require? a. 512 in 2 b. 1,440 in 2 c. 1,0
How to get the answer
Example of Trig Substitutions Evaluate the subsequent integral. ∫ √((25x 2 - 4) / x) (dx) Solution In this type of case the substitution u = 25x 2 - 4 will not wo
1) At a midway game at the state fair, the probability of winning an individual game is advertised to be 30% ( p = . 3). Suppose 50 people played the game (assume all 50 outcomes
4+15-(4-1/2)
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