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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.
Lines EF and GH are graphed on this coordinate plane. Which point is the intersection of lines EF and GH?
Give the introduction about Graphing? Somebody tells you that x = 5 and y = 3. "What does it all mean?!" you shout. Well here's a picture: This picture is what's call
write 107 in expanded form.
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