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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.
The King Company is producing two types of products: A and B. Both products are produced on the similar machining operation. The machines operate on two 8-hour shifts, 5 days per w
Root of function: All throughout a calculus course we will be determining roots of functions. A root of function is number for which the function is zero. In other terms, determ
Cathy is forming a quilt out of fabric panels that are 6 in through 6 in. She needs to know the total area of her square-shaped quilt. Which formula will she use? The area of a
The Ravens played 25 home games this year. They had 9 losses and 2 ties. How many games did they win? Eleven games are accounted for along with the losses and ties (9 + 2 = 11)
how do we rotate an object 90 counterclockwise?
Find out the domain of each of the following. (a) f (x,y) = √ (x+y) (b) f (x,y) = √x+√y (c) f (x,y) = ln (9 - x 2 - 9y 2 ) Solution (a) In this example we know
Now we have to look at rational expressions. A rational expression is a fraction wherein the numerator and/or the denominator are polynomials. Here are some examples of rational e
How do you find the ratio for these problems?
#question what is input and output analysis
1/(1-z)(1-z)(1-z)(1-z)
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