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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.
Verify Liouville''s formula for y^ prime prime prime -y^ prime prime - y'' + y = 0 in [0, 1]
Draw the typical profile(s) of Shoppers'' Stop customers segments.
The bowling alley suggests selecting a ball that is 1/7 of the bowlers weight. If the bowler weighs 84 pounds, how much should the bowling ball weigh?
can you please help me with this topic that im on in classand I just don''t get it and can u help me with dividing fractions adding mutply subtract add
If the normal to y=f(x) makes an angle of pie/4 with y-axis at (1,1) , then f''(x) is eqivalent to? Ans) The normal makes an angle 135 degree with the x axis. also f ''(1)
Write down the system of differential equations for the population of both predators and prey by using the assumptions above. Solution We will start off through letting that
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I AM A EXPERT OF MATHEMATICS.CAN I BECOME A TUTOR? PLEASE TELL ME SOON.
I need help on how to do real word problm with unit rates.
Solve the Extraneous Solutions ? You're worst enemy (aside from arithmetic mistakes), while you're trying to solve a rational equation, is forgetting to check for extraneous so
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