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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 p th term of an AP is q and the q th term is p. P.T its n th term is (p+q-n). Ans: APQ a p = q a q = p a n = ? a + (p-1) d = q a + (q-1) d = p
cosx
Ashow that sec^2x+cosec^2x cannot be less than 4
Find out the roots of the subsequent pure quadratic equation: Find out the roots of the subsequent pure quadratic equation. 4x 2 - 100 = 0 Solution: Using Equation
Critical Point Definition : We say that x = c is a critical point of function f(x) if f (c) exists & if either of the given are true. f ′ (c ) = 0 OR f ′ (c
Fundamental Theorem of Calculus, Part I If f(x) is continuous on [a,b] so, g(x) = a ∫ x f(t) dt is continuous on [a,b] and this is differentiable on (a, b) and as,
The ratio of gasoline to oil needed to run a chain-saw is 16:1. If you have 3.5 mL of oil, how many millilitres of gasoline must you add to get the proper mixture?
reduction
p=0
how to find the minimum distance between any two particles which are in relative motion?
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