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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.
#There is a balance of $1,234 and this person receive a refund check in the amount of $25 with her paycheck that was deposited into her account for $1500 which made her balance $27
I need to make an assignment on this topic what should i write in it
remainder theorem
What is the slowest a boat can travel across a river if the river is flowing with a velocity field of X^2?
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