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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.
Explain with the help of number line (-6)+(+5)
In triangle ABC if angle B = 90 degrees what is the value Tan A/2 in terms of its sided? Solution) tanA=c/b let tan(A/2)=x 2x/(1-x 2 )=c/b,solve for x
all formulas of plane figures
How do you find the ratio for these problems?
i need to work out the standard deviation of 21.4
We can define the conditional probability of event A, given that event B occurred when both A and B are dependent events, as the ratio of the number of elements common in both A an
If the normal to y=f(x) makes an angle of pie/4 with y-axis at (1,1) , then f''(x) is eqivalent to? Ans) The normal makes an angle 135 degree with the x axis. also f ''(1)
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#question.Find the slope of the line that passes through (7, 3) and (9, 6). Simplify your answer and write it as a proper fraction, improper fraction, or integer. .
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