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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.
5645.356 turn into fraction
0.36585858 find the sum if it is converges
How many arrangements can be made from the letters of the word " VENUS " such that the order of the vowels remains the same?
School run known to possess normal distribution with mean 440 sec & SD 60 sec. What is probability that randomly chosen boy can run this race in 302 sec.
simple shapes
FIRST OF ALL I WANNA KNOW THECHNIQUES, I CAT DIVIDE BIG BIG NUMBERS , EVERYTHING IN MATH IIS VERY HARD FOR ME I HOPE YOU CAN HELP ME
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