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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.
1. Consider the following differential equation with initial conditions: t 2 x'' + 5 t x' + 3 x = 0, x(1) = 3, x'(1) = -13. Assume there is a solution of the form: x (t) = t
how do you convert ft to yds, yds to in,and etr
I want have material of the above topic
construct the green''s function that satisfies dG''''-(2x+1)G''+(x+1)G=delta(x-s), G(0,s)=G(1,s)=0
Proof for Absolute Convergence Very first notice that |a n | is either a n or it is - a n depending upon its sign. The meaning of this is that we can then say, 0 a n +
In addition and subtraction we have discussed 1) Some ways of conveying the meaning of the operations of addition and subtraction to children. 2) The different models o
If the expression 9y - 5 represents a certain number, which of the following could NOT be the translation? a. five less than nine times y b. five less than the sum of 9 and y c
construct an isosceles triangle ABC when:base BC is 6.2 and altitude a.a
In the shape of a cone a tank of water is leaking water at a constant rate of 2 ft 3 /hour . The base radius of the tank is equal to 5 ft and the height of the tank is 14 ft.
state tha different types of models used in operations research.
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