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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.
Determine that in a Boolean algebra, for any a and b, (a Λ b) V (a Λ b' ) = a. Ans: This can be proved either by using the distributive property of join over meet (or of mee
Which of the subsequent numbers is equivalent to 12.087? Zeros can be added to the end (right) of the decimal portion of a number without changing the value of the number; 12.
if oranges cost $2.40 a dozen, how much do 2 oranges cost?
how to find out percentage error?
G raph y = sec ( x ) Solution: As with tangent we will have to avoid x's for which cosine is zero (recall that sec x =1/ cos x) Secant will not present at
The first year of the Islamic calendar marks the following event: The birth of Muhammad The Qu'ran is assembled into a single sacred text The division of the Sunnis and the Shiites
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4532087*65435679=?
Diagonals of a trapezium divide each other proportionally: Given : In trapezium ABCD , AB// DC R.T.P :AO/OC = BO/OD Construction: Draw the line PQ; parallel to AB or C
The next thing that we must acknowledge is that all of the properties for exponents . This includes the more general rational exponent that we haven't looked at yet. Now the pr
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