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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.
The time in seconds that it takes for a sled to slide down a hillside inclined at and angle θ is where d is the length of the slope in metres. Find the time it takes to sli
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i have discovered a formula for finding the radius at any point of the graph have i done a good job
Hi, I don''t know how to solve 2(5x+3)
In a two dimensional case, the form of the linear function can be obtained if we know the co-ordinates of two points on the straight line. Suppose x' and x" are two
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