Mathematics, 23.08.2020 01:01 androw4116
This question relates to concepts covered in Lectures 1 & 2. You can use any of the excel files posted to work through the question. Demand at a store can be modeled by a random variable which takes the following values across four different scenarios that occur with following probabilities. Scenario Low: D1 = 10 with probability P1=0. 1 Scenario Medium 1: D2 = 30 with probability P...2=0,4 Scenario Medium 2. D3 = 60 with probability p. 3-0.4 Scenario High: 04 = 90 with probability p_4=0.7 What is the mean of this demand distributional?
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This question relates to concepts covered in Lectures 1 & 2. You can use any of the excel files...
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