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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.
log2(x^2)=(log2(x))2
A sell a watch to B at gain of 20% and B sell to C at loss of 10%. if C pays @ 432, how much did A pays for it.
which ne is greater -4 4/25 or -4.12?
Here we look at only the rules without going into their proofs. They are: a 0. If a If a If a
we know that derivative of x 2 =2x. now we can write x 2 as x+x+x....(x times) then if we take defferentiation we get 1+1+1+.....(x times) now adding we get x . then which is wro
1. A psychologist developed a test designed to help predict whether production-line workers in a large industry will perform satisfactorily. A test was administered to all new empl
Determine if the following series converges or diverges by using limit comparison test. Solution To make use of the limit comparison test we require to find out a seco
A pool is surrounded through a deck that has the similar width all the way around. The total area of the deck only is 400 square feet. The dimensions of the pool are 18 feet throug
HOW CAN WE TAKE SUPPOSE THE VALUES OF X AND Y
-x^3+6x-7
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