LF company must decide how many lots of assorted ski wear to order for its three stores information on cost has led to the following payoff tableDemandMedum0.60probabilityorder size1 lot2 lots3 lotsLow0.1312550223Assume that the propabilities of low demand= 0.13 and meduim deman=0.60By using the above information, the expected value for the best decision using expected value approachiWWWX73103High15247261

The probability of low demand =0.13 Probability of medium demand = 0.69The lot sizes of three lots…

Answered: 12 2 lots 3 lots 223 Assume that the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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today's and yesterday's prices. Price changes were examined for 109 days. A financial theory states that the price change of today for a stock must be independent of yesterday's price change. Test the hypothesis that daily stock price changes for this stock are independent. Let a = 0.10. Change Today Day Up No Change Down Up No Change 8 10 15 9. Down 14 16 Determine the null and alternative hypotheses for the test. Choose the correct answer below. O A. Ho: Today's price change and yesterday's price change have equal proportions. HA Today's price change and yesterday's price change have non-equal proportions. O B. Ho: Today's price change and yesterday's price change are independent. HA: Today's price change and yesterday's price change are not independent. O C. Ho: Today's price change and yesterday's price change have non-equal proportions. HA Today's price change and yesterday's price change have equal proportions. O D. Ho: Today's price change and yesterday's price change are not…
The lowest portfolio risk will result when the asset returns are perfectly positively correlated. Select one: True False
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Indicate whether the following sentences are true or false: (T/F) 10-Researchers only need to know how to develop certain tests, how to calculate the mean, the mode, the median or the standard deviation or chi-square, how to apply particular research techniques, but they also need to know which of these methods or techniques, are relevant and which are not, and what would they mean and indicate and why.
A survey is conducted on 700 Californians older than 30 years of age. The study wants to obtain inference on the relationship between years of education and yearly income in dollars. The response variable is income in dollars and the explanatory variable is years of education. A simple linear regression model is fit, and the output from R is below: Im(formula = Income ~ Education, data = CA) Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) 25200.25 1488.94 16.93 3.08e-10 *** Education 2905.35 112.61 25.80 1.49e-12 *** Residual standard error: 32400 on 698 degrees of freedom Multiple R-squared: 0.7602
Q7
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Just solve part b please
7

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12 2 lots 3 lots 223 Assume that the propabilities of low demand= 0.13 and meduim deman-0.60 By using the above information, the expected value for the best decision using expected value approaches