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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.
Question Suppose that f(x) has (x - 2) 2 and (x + 1) as its only factors. Sketch the graph of f. State all the zeros of f.
x=±4, if -2 = y =0 x=±2, if -2 = y = 0
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NATURAL NUMBERS The numbers 1, 2, 3, 4.... Are called as natural numbers, their set is shown by N. Hence N = {1, 2, 3, 4, 5....} WHOLE NUMBERS The numbers 0, 1, 2, 3, 4
Q. Negative Signs in Fractions? It really doesn't matter where you put a negative sign in a fraction. The following are all the same: The negative sign can go in
nc6:n-3c3=91:4
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4856+12334
Total Contribution per Year for next 10yeras =$1000+$800 =$1800 So Total Future fund Vaule =$1800*(1+1.073+power(1.073,2)+ power(1.073,2)+ power(1.073,3)+ power(1.073,4)+ power
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