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In the Newsvendor model, a critical ratio of 0.7 means there is a 70% chance that demand is less than or equal to the optimal order quantity.

Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is between 200 and 400?

While discussing the topic of Forecasting, Professor Mughal claimed, (albeit falsely) that he can predict the future events by reading the palms.

                             

In the Newsvendor Model, the in-stock probability cannot be greater than the critical ratio.

Simplify (b(b8))3.

Left untreated, algae in a reservoir reproduce at the rate of 5% per week. Currently, the algae cover one eighth of the reservoir. An algebraic model of this situation is , where  is the percent covered after w weeks. What does 0.125 represent in this situation?

The general equation that models radioactive decay of a substance is , where t is the time in years, H is the half-life, and A(t) is the radioactivity of the substance today. Scientists found bones at an archaeological dig that they hypothesized to be about 7000 years old and used Carbon-14, which has a half-life of 5730 years, to determine the age of the bones. What percent of the present-day radioactivity would the tools emit if the scientists’ hypothesis were true?  

Determine the value of h that makes the following a true statement:

L’année dernière, nous [verbe1] (to leave) en vacances sur la Côte d’Azur. Nous [verbe2] (to take} l’avion à San Diego et nous [verbe3] (to arrive) à Paris, à l’aéroport Charles de Gaulle. Mon amie Anne [verbe4] (to wait) nos bagages et elle [verbe5] (to come) nous prendre à la douane. Beaucoup de français [verbe6] (to return) en France et ils [verbe7] (to finish) leurs vacances. Mais, nous [verbe8] (to begin) nos vacances! Anne [verbe9] (to go down) chez ses parents, à Macon. Nous [verbe10] (to visit) le Louvre le week-end suivant.