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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 2+2
Need Solution Find (dy)/( dx) for; (i). y = x 7 (ii). y = x 2γ (iii). y = x -3 (iv). y = x
We desire to construct a box whose base length is three times the base width. The material utilized to build the top & bottom cost $10/ft 2 and the material utilized to build the
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Maria has a slice of pizza that is1/6 the pizza. Ben has a slice of pizza that is 1/3 of the pizza . Maria''s slice is bigger .draw pizzas to show how this possible .
Analysis of questionnaire completed by holiday makers showed that 0.75 classified their holiday as excellent at Malindi. The probability of hot weather in the resort is 0.6. If th
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Example Find the Highest Common Factor of 54, 72 and 150. First we consider 54 and 72. The HCF for these two quantities is calculated as follows:
Ask question Minimum 100 words accepted# 1000-101
what is tangent
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