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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.
Integrals Involving Trig Functions - Integration techniques In this part we are going to come across at quite a few integrals that are including trig functions and few metho
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what is integration and how is it important
A survey of 400 of recently qualified chartered Accountant revealed that 112 joined industry, 120 stated practice & 160 joined the firms of practicing chartered accountants as paid
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
The base and corresponding altitude of a parallelogram are 10 cm and 12 cm reap. If the other altitude is 8 cm , find the length of the other pair of parallel side
Please help
Subtraction - Vector arithmetic Computationally, subtraction is very similar. Given the vectors a → = (a 1 , a 2 , a 3 ) and b → = (b 1 , b 2 , b 3 ) the difference of the t
definiton
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