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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.
The students of a class are made to stand in complete rows. If one student is more in each row, there would be 2 rows less, and if one student is less in every row, there would be
ALGORITHM FOR DIVISION : If you ask a 10 or 1 1-year-old child to solve, say, 81 + 9, the chances are that she will correctly do it. But if you ask her to solve, say 72 + 3, t
In a collection of 30 dissimilar birds, 15 eat worms, 18 eat fruit, and 12 eat seeds. Accurately 8 eat worms and seeds, 8 eat worms and fruit, 7 eat fruit and seeds, and 4 eat each
A drug has a decay rate of k = - ¼ ln(¾) / hr. How soon after an initial dose of 1600 mg will the drug reach its minimum therapeutic value of 900 mg in the body?
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jeff left hartford at 2:15 pm and arrived in boston at 4:45 pm how long did the drive take him?
R.2,4,6,8,10 B.8,10
Find the sum of all natural no. between 101 & 304 which are divisible by 3 or 5. Find their sum. Ans: No let 101 and 304, which are divisible by 3. 102, 105..........
examples of construction of excircles
Maximize P=3x+2y Subject to x+y =6 x =3 x =0,y =0
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