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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.
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0/2
80 divide by 3
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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
At times we consider only the magnitude of the number without attaching much importance to its direction. Under these circumstances the sign attached with the num
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1 2/3 divided by 2/3
If a single person makes $25,00 a year, how much federal income tax will he or she have to pay ?And they are gining me a chart that says $0 to $27,050 is 15% of taxes .
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