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Quantitative Method

Wally runs a fruit & vege stall and needs to determine the optimal number of watermelons to stock based on demand and profit calculations.

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Added on  2022-10-14

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This document provides solutions to Quantitative Method assignments. It covers topics such as probability, binomial distribution, normal distribution, and tree diagrams. The document also includes tables and diagrams to explain the concepts. The subject is Quantitative Method and the course code and name are not mentioned. The college or university is not mentioned either.

Quantitative Method

Wally runs a fruit & vege stall and needs to determine the optimal number of watermelons to stock based on demand and profit calculations.

   Added on 2022-10-14

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Running Head: Quantitative Method 0
Quantitative Method
(Student Name)
Quantitative Method_1
Quantitative Method 1
Table of Contents
Question1...................................................................................................................................2
A)............................................................................................................................................2
B)............................................................................................................................................2
C)............................................................................................................................................2
D)............................................................................................................................................3
Question2...................................................................................................................................3
A)............................................................................................................................................3
B)............................................................................................................................................3
C)............................................................................................................................................3
D)............................................................................................................................................3
E)............................................................................................................................................3
Question3...................................................................................................................................3
A)............................................................................................................................................3
B)............................................................................................................................................4
C)............................................................................................................................................4
D)............................................................................................................................................4
Quantitative Method_2
Quantitative Method 2
Question1
A)
We are given X – Demand for Watermelons
X P(X) Profit
0 0.0067 -30
1 0.0337 -20
2 0.0842 -10
3 0.1404 0
4 0.1755 10
5 0.1755 20
6 0.1462 30
P(X) is the probability of getting X
X ~ p(5) (Poisson with mean 5)
P(X=x) = e-5.5x / x!
Where x= 0,1,2,3,4,5,6
Quantitative Method_3

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