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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.
Intervals which extend indefinitely in both the directions are known as unbounded intervals. These are written with the aid of symbols +∞ and - ∞ . The various types
La proporción de empleados de una empresa que usan su auto para ir al trabajo es 5:16. Si hay un total de 800 empleados, diga la cantidad de autos que se espera que haya estacionad
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if two circles O and O''intersect in two points, A and B, the the line segment OO is what?
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Define symmetric, asymmetric and antisymmetric relations. Ans: Symmetric Relation A relation R illustrated on a set A is said to be a symmetric relation if for any x,
how do we figure it out here is an example 3,4,6,9,_,_,_,_,_,. please help
what is mean and mode
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