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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.
10:30:45
If the areas of three adjacent faces of cuboid are x, y, z respectively, Find the volume of the cuboids. Ans: lb = x , bh = y, hl = z Volume of cuboid = lbh V 2 = l 2 b 2
3+5
Here we will use the expansion method Firstly lim x-0 log a (1+x)/x firstly using log property we get: lim x-0 log a (1+x)-logx then we change the base of log i.e lim x-0 {l
The actual solution is the specific solution to a differential equation which not only satisfies the differential equation, although also satisfies the specified initial conditions
Find the number of zeros of the polynomial from the graph given. (Ans:1)
(a) Using interpolation, give a polynomial f ∈ F 11 [x] of degree at most 3 satisfying f(0) = 2; f(2) = 3; f(3) = 1; f(7) = 6 (b) What are all the polynomials in F 11 [x] which
what is the difference between North America''s part of the total population and Africa''s part
what is the formula fore life
-255=-14t-t
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