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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.
A survey was done where a random sample of people 18 and over were asked if they preferred comedies, dramas, or neither. The information gathered was broken down by age group and t
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An investment manager at TD Ameritrade is making a decision about a $10,000,000 investment. There are four portfolio options available and she is looking at annual return of these
I am here to tell you, Alex has a cold.
63*789
A dealer sells a toy for Rs.24 and gains as much percent as the cost price of the toy. Find the cost price of the toy. Ans: Let the C.P be x ∴Gain = x % ⇒ Gain = x
Determine the minimum capacity C of a Capacitor given that: C =(ax/(x-a))+(xy/(y-b))+(yb/(b-y)) given that "a" and "b" are fixed values and "x" and "y" vary independently such th
A bag contains 19 tickets, numbered from 1 to 19. A ticket is drawn and then another ticket is drawn without replacement .Find the probability that both tickets will show even numb
Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.
2x40 420x4 7x240 84x20 Explain how three expressions are equivalent.
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