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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.
solve by factorization method; 10x-6y-3z=100, -6x+10y-5z=100, -3x-5y+10z=100
six men and Eight boys can finish a piece of work in 14 days while eight men and twelve boys can do it in 10 days. Find the time taken by 1man alone and that by 1boy alone to fin
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Describe Multiplication of two vectors.
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how can i evaluate this lim of x as x approaches to a
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