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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.
6 male students and 3 female students sit around a round table. The probability that no 2 female students sit beside each other can be expressed as a/b, where a and b are coprime p
y=9x-5x+2 and y=4+12
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Sketch the graph of the below function. f ( x ) = - x 5 + (5/2 )x 4 + (40/3) x 3 + 5 Solution : Whenever we sketch a graph it's good to have a few points on the graph to
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if Mr.Ibias oredered a rectangular pizza and he wants 2/3 of the pizza to be pepperoni and 1/2 of the pizza with pineapple draw and label the pizza with toppings explain your think
#question.2157\7625.
two coins are flipped once.what is the probability of getting two tails?
R={(r, ?):1=r= 2cos? ,-p/3= ? =p/3
why
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