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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 dairy mngr says it takes 70lbs of make 10 lbs of cottage cheese... How do I make a rate table and a make a graph showing the relationship between lbs of milk and lbs of cottage c
Given f (x) =10x^3 - x^5 , find all intervals(in Interval Notation) of Concavity and the x-values of all Inflection Points.
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A partially loaded passenger car has a mass of 1600 kg. It has fully independent suspension in which each front spring has a stiffness of 19.0 kNm -1 and each rear spring has a s
What are some of the interestingmodern developments in cruise control systems that contrast with comparatively basic old systems
A standard deck of cards contains 52 cards. One card is selected at random. Determine a) The probability that the card is a 8 or an Ace? b) The probability that the card is
In traveling three-fourths of the way around a traffic circle a car travels 0.228 mi. What is the radius of the traffic circle? The radius of the traffic circle is ____ mi.
Determine the solution to the subsequent differential equation. dv/dt = 9.8 - 0.196v Solution Initially we require finding out the differential equation in the accurate
1+2i=a+ib so find a and b
There is a list of the forces which will act on the object. Gravity, F g The force because of gravity will always act on the object of course. Such force is F g = mg
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