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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.
Average cost function : Now let's turn our attention to the average cost function. If C ( x ) is the cost function for some of the item then the average cost function is,
Refer the poset ({1}, {2}, {4}, {1,2}, {1,4}, {2,4}, {3,4}, {1,3,4}, {2,3,4}, ≤ ). (i) Find out the maximal elements. (ii) Find out the minimal elements. (iii) Is ther
I need help on radical notation for a homework assignment I''m really confused on it. Can I get help?
I don''t get it .... Help
There are 81 women teachers at Russell High. If 45% of the teachers in the school are women, how many teachers are there at Russell High? Use the proportion part/whole = %/100.
I need help on how to do real word problm with unit rates.
Every point (x,y) on the curve y=log2 3x is transferred to a new point by the following translation (x',y')=(x+m,y+n), where m and n are integers. The set of (x',y') form the curve
i need help in math
Hyperboloid of One Sheet The equation which is given here is the equation of a hyperboloid of one sheet. x 2 /a 2 + y 2 /b 2 - z 2 /c 2 = 1 Here is a diagram of a com
how do you slove 4u-5=2u-13
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