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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.
how to slove problems on equations
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0.25+25
#What is an easy way to find the area of any figure
Given: ??????? is supp. to ??????? ???? ????? bisects ??????? ???? ????? bisects ??????? Prove: ??????? is a rt. ?
ln(4x+19)=ln(2x+9)
Interpretations of derivatives. Example: Find out the equation of the tangent line to x 2 + y 2 =9 at the point (2, √5 ) .
2feet wide and 12 feet long.tile is 2feet wide and 1.5feet long.how many tiles do I need
Mike can jog 6.5 miles per hour. At this rate, how many miles will he jog in 30 minutes? Thirty minutes is half an hour. Thus, divide the number of miles Mike can jog in one ho
How to Solving One-Step Equations? Equations, where one math operation is acting on the variable, can be solved in one step. The trick is to get the variable x by itself - isol
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