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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.
By pigeonhole principle, show that if any five numbers from 1 to 8 are chosen, then two of them will add upto 9. Answer: Let make four groups of two numbers from 1 to 8 like
what is 2+2=
1. His favorite current carrot drink contain 40%. but h eneeds add to 80 quarts wife brought his perfect drink mix.
#question.prove that the diagonals of a trapezium divide each other proportionally .
What is our aim when teaching children multiplication? Firstly they should be able to judge which situations they need to multiply in, and the numbers that are to be multiplied sec
Which general famously stated 'I shall return'? A. Bull Halsey B. George Patton C. Douglas MacArthur D. Omar Bradley
While we first looked at mechanical vibrations we looked at a particular mass hanging on a spring with the possibility of both a damper or/and external force acting upon the mass.
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In 5 pages, please try to prove Theorem 3 based on Montel''s Theorem. please use "Latex" Knuth Donald to write this paper. It is known that Theorem 3 on page 137 of the attached
Michael has 16 CDs. This is four more than twice the amount that Kathleen has. How many CDs does Kathleen have? Let x = the number of CDs Kathleen has. Four more than twice th
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