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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.
Empty Set or Null Set It is a set which having no elements. It is usually designated by a Greek letter Ø, or else { }. The sets Ø and { Ø } are not the same thing since the
Q. What is Addition Rule of probability? Ans. Suppose there are 17 girls and 15 boys in your stats class. There are 17 + 15 = 32 ways for your teacher to pick one student
how many mg are there in g?
What is Exponents values? Exponents were invented as a quick way to show that you are multiplying a number by itself several times. It's too much trouble to write something
From a point P, two tangents PA are drawn to a circle with center O.If OP=diameter of the circle show that triangle APB is equilateral. Ans: PA=PB (length of tangents
? (2x+3)dx
Consider the following linear equations. x1-3x2+x3+x4-x5=8 -2x1+6x2+x3-2x4-4x5=-1 3x1-9x2+8x3+4x4-13x5=49
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find regular grammar for the following regular expression: a(a+b)*(ab* +ba*)b
Explain the Graphical Technique of Linear Equations.
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