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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.
A classmate mixes 2 drops of red food coloring for every 4 drops of blue food coloring. Create a ratio table with 5 entries to represent this situation. Write the entries of the ra
Find the sum of first 40 positive integers divisible by 6 also find the sum of first 20 positive integers divisible by 5 or 6. Ans: No's which are divisible by 6 are
If I divide any number do I get the manservant 2 times
Sketch the graph of y = ( x -1) 2 - 4 . Solution Now, it is a parabola .Though, we haven't gotten that far yet and thus we will have to select
write down all the factors of 36
1.) How does the monsoon influence the climate and vegetation of Southeast Asia? 2.) What is the main crop in Southeast Asia and the main systems by which it is produce? How and
1+2+3+78+980
sarah has 12 gel pen. she gave 3/4. how many she have
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Business Applications In this section let's take a look at some applications of derivatives in the business world. For the most of the part these are actually applications wh
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