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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.
ABCD is a parallelogram which AB and CD are divides by P and Q. Such that AP:PB=3:2 and CQ:QD=4:1. If PQ and AC are meet at R, show that AR=3/7AC.
What is Angles? An angle is made up of two rays with a common endpoint, which is called the vertex. The sides of the angle are rays. An angle is denoted by "θ". When two li
A chemist mixed a solution which was 34% acid with another solution that was 18% acid to generate a 30-ounce solution which was 28% acid. How much of the 34% acid solution did he u
A national study found that treating people appropriately for high blood pressure decreased their overall mortality rate by 20%. Treating people adequately for hypertension has bee
how do you change an improper fraction to a mixed number or whole or proper
please i need the solution for halm''s differential equation
(1)Derive, algebraically, the 2nd order (Simpson's Rule) integration formula using 3 equally spaced sample points, f 0 ,f 1 ,f 2 with an increment of h. (2) Using software such
Find the slope of the line tangent to the graph of f(x)= 3-2ln(2x^2+4) at the point (4, F(4))
real life applications of lengrange''s mean value theorem
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