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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.
four times an unknown number is equal to twice the sum of five and that unknown number
what is 15,909 in roman numeral
4x+8=32
please i need the answers to x^_7x+10 i want the vertex,axis of semetery,y intersect and the x intercept
A man is known to speak truth 3 out of 4 times.He throws adie and reports it is a six. Find the probability that it is actually a six. Solution) we can get a six if a man s
A firm buys a product using the price schedule given in the table: The company estimate holding costs at 10% of the purchase price per year and ordering costs at $40 per order .
Brewery has 12 oz bottle filling machines. Amount poured by machine is normal distribution mean 12.39 oz SD 0.04 oz. Company is interested in in reducing the amount of extra beer
Proof for Properties of Dot Product Proof of u → • (v → + w → ) = u → • v → + u → • w → We'll begin with the three vectors, u → = (u 1 , u 2 , ...
Suppose S = {vi} and T = {ti} are "easy" sets of knapsak weight. Also, P and q are primes p > ?Si and q > ?ti. We can combine S and T into a signle set of knapsack weight as follow
We now focus on the use of Datalog for defining properties and queries m graphs. (a) Suppose that P is some property of graphs definable in Datalog. Show drat P is preserved und
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