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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.
The time t required to test a computer memory unit is directly proportional to the square of the number n of memory cells in the unit. For a particular type of unit, n = 6400
f(x)=4x-3 and g(x)=(x+3)/4 a)Find the function fg(x) b)Hence describe the relationship between the functions f and g c)Write down the exact value of fg(sqrt(3))
The set of whole numbers also does not satisfy all our requirements as on observation, we find that it does not include negative numbers like -2, -7 and so on. To
On each day t of n days, N customers of a supermarket were sampled and the number Xt expressing dissatisfaction was recorded. The results suggested that there were good and bad day
at what price a 6.25%rs 100 share be quoted when the money is worth 5%
If e were rational, then e = n/m for some positive integers m, n. So then 1/e = m/n. But the series expansion for 1/e is 1/e = 1 - 1/1! + 1/2! - 1/3! + ... Call the first n v
If the diameter of a right cylinder is doubled and the height is tripled, its volume is a. multiplied by 12. b. multiplied by 2. c. multiplied by 6 d. multiplied by 3.
E1) From your experience, and what you have studied so far, by which age would-you expect an average child to be ready to acquire the following concepts? i) Simple classificatio
What are the Rules of vector multiplication?
A man buys rs50 shares of a company paying 12% of dividendat premium ofof rs10 find market value of 320 shares and profit%
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