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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.
Go back to the complex numbers code in Figures 50 and 51 of your notes. Add code fragments to handle the following: 1. A function for adding two complex numbers given in algeb
i have question like proof, can you please help me on it?
Give all solutions between o degree and 360 degree for sin x=3/2
Find out the average temperature: Example: Find out the average temperature if the subsequent values were recorded: 600°F, 596°F, 597°F, 603°F Solution: Step
How long does it take for an amount of money P to double itself if it is invested at 8% interest compounded 4 times a year?
a ,b,c are complex numbers such that a/1-b=b/1-c=c-1-a=k.find the value of k
examples of least cost method
Find the remainder when 7^103 is divided by 24 Solution) we know by the concept of mod that..... 49 is congruent to 1 mod 24(means if 1 is subtracted fom 49 u get 48 which is
what is 3/2 - 1/2
sin
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