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A company purchases its merchandise for $10 and sells for each item for $20. The pay-off table for the problem is given below.
Demand for Item
Alternative
Low
Medium
High
Do nothing
0
Order Low
30,000
Order Medium
10,000
50,000
40,000
Order High
-10,000
80,000
Probability
0.3
0.4
What is the decision based on each of the following criteria?
(a) EMV approach
What are the annual holding costs for the wokbooks?
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Determine if the given set constitutes a real vector space. The operations of "multiplication by a number" and "addition" are understood to be the usual operations associated with the elements of the set:
A guy wire (a type of support used for example, on radio antennas) is attached to the top of a 50 foot pole and stretched to a point that is d feet from the bottom of the pole.
You have just graduated from college, and you have started your first big project at your new job. Your boss informs you that you are responsible for the Equations and Inequalities section of the project and for presenting your ideas to the team.
A school had a very unusual tradition involving its 1000 students and its 1000 lockers. On opening day, after the head of the school had closed all the lockers, a student walked by and opened every single one.
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