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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.
If the points for a right angle triangle are XYZ where do I mark the points?
chapter permutation & combination ex :4.6
Evaluate the mean of temperatures: Example: Given the subsequent temperature readings, 573, 573, 574, 574, 574, 574, 575, 575, 575, 575, 575, 576, 576, 576, 578 So
7 3/4-3 5/6=
A 25 foot ladder just reaches the top of a house and forms an angle of 41.5 degrees with the wall of the house. How tall is the house?
when i couulate the formula f 64 divided by 65 how do i do this
y 2 = t 2 - 3 is the actual implicit solution to y'= t/y, y(2) = -1. At such point I will ask that you trust me that it is actually a solution to the differential equation. You w
what is $6500 jamaican dollars in european money if jamaican $160.13 = 1 european money
Question 1: (a) Show that, for all sets A, B and C, (i) (A ∩ B) c = A c ∩B c . (ii) A ∪ (B ∩ C) = (A ∪ B) ∩ (A ∪ C). (iii) A - (B ∪ C) = (A - B) ∩ (A - C).
(a+b)''2
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