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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.
Binormal Vector - Three Dimensional Space Next, is the binormal vector. The binormal vector is illustrated to be, B → (t) = T → (t) * N → (t) Since the binormal vecto
LCD
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A person spent 12.5% of his money and then rs.1600 and then 40% of the remaining,now left rs.960 with him.What is his original money?
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In triangle ABC, cosecA(sinB.sinC+cosB.sinC) is equal to..?
Consider the differential equation give by y′ = -10(y - sin t) (a) Derive by hand exact solution that satis?es the initial condition y(0) = 1. (b) Numerically obtain the s
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Application of rate change Brief set of examples concentrating on the rate of change application of derivatives is given in this section. Example Find out all the point
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