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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.
A man sold an item for Rs 6,750 at a loss 25%. What will be the selling price of same item if he sells it at a profit of 15%?
Binomials, Trinomials and Polynomials which we have seen above are not the only type. We can have them in a single variable say 'x' and of the form x 2 + 4
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If sec A = x+i/x, prove that sec A + tan A = 2x or 1/2x
what number does not belong 43,47,53,59,65,67
Brent covered 3 1/5 by a number and got 4 1/2 what number dis he divide by? The answer is either 1 9/16, or 32/45. Which one is the answer, and how did you get it?
How do you solve a table to get the function rule?
love is a parallelogram where prove that is a rectangle
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A solid is in the form of a right circular cone mounted on a hemisphere. The radius of the hemisphere is 3.5 cm and the height of the cone is 4 cm. The solid is placed in a cylindr
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