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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.
Tied Rankings A slight adjustment to the formula is made if several students tie and have the similar ranking the adjustment is: (t 3 - t)/12 Whereas t = number of tied
7a^2+12a-11=0
Solution by Factorization, please solve quadratic equations by Factorization.
Example of Graphing Equations: Example: By using the above figure, find out the distance traveled if the average speed is 20 mph and the time traveled is 40 minutes. T
Cos(x+y)+sin(x+y)=dy/dx(solve this differential equation)
14/3
what is algebra
If a mean score is 89 with a standard deviation of 8 points. What is the least score you can make and be in the top 20%?
Interpretations of derivatives. Example: Find out the equation of the tangent line to x 2 + y 2 =9 at the point (2, √5 ) .
Question: Find the quotient and remainder when f(x) = x 5 - x 4 - 4x 3 + 2x + 3 is divided by g(x) = x-2. Make sure the quotient and remainder are clearly identified.
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