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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.
Three-person Problem of Points: Pascal, Fermat and their old friend the Chevalier de Mere each put $10.00 into a pot, and agree to play a game that has rounds. Each player has the
f(x)=4x-3 and g(x)=(x+3)/4 a)Find the function fg(x) b)Hence describe the relationship between the functions f and g c)Write down the exact value of fg(sqrt(3))
Cardioids and Limacons These can be split up into the following three cases. 1. Cardioids: r = a + a cos θ and r = a + a sin θ. These encompass a graph that is vaguel
13+13
Proof of: ∫ f(x) + g(x) dx = ∫ f(x) dx + ∫g(x) dx It is also a very easy proof. Assume that F(x) is an anti-derivative of f(x) and that G(x) is an anti-derivative of
a painting is 20 cm wider than its height. its area is 2400 centimeter squared. find its lenght and width
how do you learn about equivelant fractions
Reason for why limits not existing : In the previous section we saw two limits that did not. We saw that did not exist since the function did not settle down to a sing
If I divide any number do I get the manservant 2 times
assignment of mathematics in b.sc. 1sem
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