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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.
#questionQn 1- An analysis of monthly wages of workers of two organizations Alia LLC and Asila LLC yielded the following results. Alia LLC Asila LLC Average monthly wages 60
Explain the Common Forms of Linear Equations ? An equation whose graph is a line is called a linear equation. Here are listed some special forms of linear equations. Why should
Jon ran around a track that was one eighth of a mile long.He ran around the track twenty four times.How many miles did Jon run in all
All the number sets we have seen above put together comprise the real numbers. Real numbers are also inadequate in the sense that it does not include a quantity which i
whats 2x2
(6x+9y) + (11x+13y)
show that all primes except 2, are of the form 4n-1 or 4n+1.
#question.help.
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Sketch several trajectories for the system, x 1 ' = x 1 + 2x 2 x 2 ' = 3x 1 + 2x 2
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