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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 man invest ?13500 partly in shares paying 6% at ?140 and partly in 5% at 125.If he is tolal income is 560, how much has he invested in each?
Find the 14th term in the arithmetic sequence. 60, 68, 76, 84, 92
There are really three various methods for doing such integral. Method 1: This method uses a trig formula as, ∫sin(x) cos(x) dx = ½ ∫sin(2x) dx = -(1/4) cos(2x) + c
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Business Applications In this section let's take a look at some applications of derivatives in the business world. For the most of the part these are actually applications wh
what is the greatest projection range down an inclined plane? how we will calculate that?
a
maximize Z=2x+5y+7z, subject to constraints : 3x+2y+4z =0
problem faced by students
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