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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.
solve the inequality (2^x+1)(3^x+1)(4^x+1)
Problem. You are given an undirected graph G = (V,E) in which the edge weights are highly restricted. In particular, each edge has a positive integer weight of either {1, 2, . .
Look on the web for a data base that can be converted to an undirected graph. For example, in Science there is a data base of proteins and their interactions. Each protein can b
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draw a right angle isosceles triangle with 9 triangles in it
give me the derivation of external division of sectional formula using vectors
The time has at last come to describe "nice enough". We've been using this term during the last few sections to explain those solutions which could be used to form a general soluti
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