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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.
if a+1/b=b+1/c=c+1/a then the value of abc is
If α, β are the zeros of the polynomial x 2 +8x +6 frame a Quadratic polynomial whose zeros are a) 1/α and 1/β b) 1+ β/α , 1+ α/β. Ans. P(x) = x 2 +8x +6 α + β = -8
9:59-10:45
the length of three pieces of ropes are 140cm,150cm and 200cm.what is the greatest possible length to measure the given pieces of a rope?
2 1/3
Your engineering department estimated the following production function. Q = 15L 2 - 0.5L 3 a. What is the marginal product of labor function, MP L ? b. What is the aver
Let's take a look at one more example to ensure that we've got all the ideas about limits down that we've looked at in the last couple of sections. Example: Given the below gr
solve for k such that the system 4x+ky=6 kx+y=-3
Multiply and divide by root2, then root2/root2(sinx+cosx) = root2(sinx/root2 + cosx/root2) = root2(sinx cos45+cosx sin45) = root2(sin(x+45))
What are advantages and disadvantages of both Laspeyres and Paasche?
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