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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.
) Show that the following argument is valid: (~p ? q) => r s ? ~q ~t p => t (~p ? r) => ~s ------------------------ ? ~q 2) Show that the following argum
Go back to the complex numbers code in Figures 50 and 51 of your notes. Add code fragments to handle the following: 1. A function for adding two complex numbers given in algeb
Q. Assume a birthday is equally likely to occur in each of the 365 days. In a group of 30 people, what is the probability that no two have birthdays on the same day? Solution:
1+1
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A tower and a monument stand on a level plane. the angles of depression on top and bottom of the monument viewed from the top of the tower are 13 degrees and 31 degrees, respective
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