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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.
1000000 divided by 19
E1) Try and see the order in which different children fills numbers in the grid above. My claim is that all of them would fill in the ones, the fives and the tens first. Test my hy
A 3 km pipe starts from point A end at point B Population = 3000 people Q = 300 L/day/person Roughness = cast ion pipe Length of the pipe = 3km Case 1 From A to B
15(4*4*4*4*+5*5*5)+(13*13*13+3*3*3)
real numbers?
Calculate 50%
At rest, the human heart beats once every second. At the strongest part of the beat, a person's blood pressure peaks at 120mmHg. At the most relaxed part of the beat, a person's bl
Prime number A prime number is a number whose only +ve factors are 1 and itself. For instance 2, 3, 5, and 7 are all of the examples of prime numbers. Examples of numbers whic
A class has 175 learners. The given table describes the number of learners studying one or more of the subsequent subjects in this case Subjects
construct aquadrilaterl PQRSin which pq=3.5cm qr=6.5cm ,p=60 ,q=105 ,s=75
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