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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.
On dividing the polynomial 4x 4 - 5x 3 - 39x 2 - 46x - 2 by the polynomial g(x) the quotient is x 2 - 3x - 5 and the remainder is -5x + 8.Find the polynomial g(x). (Ans:4 x 2 +
Before searching at series solutions to a differential equation we will initially require to do a cursory review of power series. So, a power series is a series in the form, .
2x^3+5x^2+2x+5
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Write Triangles Named by the Lengths of Their Sides? An equilateral triangle is a triangle with three congruent sides. All three sides of this triangle are the same lengt
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