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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.
What is the value of tan? in terms of sin?. Ans: Tan ? = S i n ?/ C os ? Tan ? = S i n ? / √1 - S i n 2?
A sell a watch to B at gain of 20% and B sell to C at loss of 10%. if C pays @ 432, how much did A pays for it.
On each day t of n days, N customers of a supermarket were sampled and the number Xt expressing dissatisfaction was recorded. The results suggested that there were good and bad day
A man invest ?13500 partly in shares paying 6% at ?140 and partly in 5% at 125.If he is tolal income is 560, how much has he invested in each?
Differentiation Formulas : We will begin this section with some basic properties and formulas. We will give the properties & formulas in this section in both "prime" notation &
Logarithmic Differentiation : There is one final topic to discuss in this section. Taking derivatives of some complicated functions can be simplified by using logarithms. It i
1. Suppose n ≡ 7 (mod 8). Show that n ≠ x 2 + y 2 + z 2 for any x, y, z ε Z. 2. Prove ∀n ε Z, that n is divisible by 9 if and only if the sum of its digits is divisible by 9.
Ask questioOn average, Josh makes three word-processing errors per page on the first draft of his reports for work. What is the probability that on the next page he will make a) 5
A medical survey was conducted in order to establish the proportion of the population which was infected along with cancer. The results indicated that 40 percent of the population
These experiences should be related to the mathematical concepts and ideas that we teach them. Only then will these ideas appear relevant to the children, and be absorbed by them
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