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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.
Use the simplex method to solve the following LP Problem. Max Z = 107x1+x2+2x3 Subject to 14x1+x2-6x3+3x4=7 16x1+x2-6x3 3x1-x2-x3 x1,x2,x3,x4 >=0
algorithm of cosx
Draw a graph which has slope of a line with rise of five and run of two is positive.
Determine the equation of the plane that consists of the points P = (1, -2, 0), Q = (3, 1, 4) and R = (0, -1, 2). Solution To write down the equation of plane there is a re
#how do I add fractions?
1) find the maxima and minima of f(x,y,z) = 2x + y -3z subject to the constraint 2x^2+y^2+2z^2=1 2)compute the work done by the force field F(x,y,z) = x^2I + y j +y k in moving
The perimeter of Andrew''s rectangular room is 44 feet. What equation was used to find the perimeter?
give me some examples on continuity
Basic "computation" formulas : Next, let's take a quick look at some basic "computation" formulas that will let us to actually compute some derivatives. Formulas 1) If f
A bag contains 8 red balls and x blue balls, the odd against drawing a blue ball are 2: 5. What is the value of x? (An
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