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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.
Let G be a group acting on a set X. The action is called faithful if for any g ≠ 1 ∈ G there exists an x ∈ X such that gx ≠ x. That is, only the identity fixes everything. Prov
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You''ve decided you want a plant for your room. At the gardening store, there are 444 different kinds of plants (tulip, fern, cactus, and ficus) and 444 different kinds of pots to
X-intercept If an intercept crosses the x-axis we will call it as x-intercept . Y-intercept Similar, if an intercept crosses the y-axis we will call it as a y-inter
-9+f ?-1 ?? (a-1)=-12 f(-3)=2
Find the normalized differential equation which has {x, xe^x} as its fundamental set
-6x-4y=-6 x+2y=-3
Coastal Cable had 1,440,000 customers within January of 2002. During the first half of 2002 the company launched a large advertising campaign. Through the end of 2002 they had 1,80
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what is segmentation and how to used as per the market with example?
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