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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.
Negative function : Several functions are not positive however. Consider the case of f (x ) =x 2 - 4 on [0,2]. If we utilizes n = 8 and the midpoints for the rectangle height w
660 ft/min=________ft/sec
Unit Vector and Zero Vectors Unit Vector Any vector along with magnitude of 1, that is || u → || = 1, is called a unit vector. Zero Vectors The vector w → = (
Example: Find out a particular solution to y'' - 4y' - 12 y = 3e 5t Solution The point here is to get a particular solution, though the first thing that we're going to
Andy earned the subsequent grades on his four math quizzes: 97, 78, 84, and 86. What is the average of his four quiz grades? To ?nd out the average, you must add the items (97
How do I solve logx/log2x=2
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Need Solution Find (dy)/( dx) for; (i). y = x 7 (ii). y = x 2γ (iii). y = x -3 (iv). y = x
(a) Derive the Marshalian demand functions for the following utility function: u(x 1 ,x 2 ,x 3 ) = x 1 + δ ln(x 2 ) x 1 ≥ 0, x 2 ≥ 0 Does one need to consider the is
I have an assignment of set theory, please Explain Methods of set representation.
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