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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.
which ne is greater -4 4/25 or -4.12?
project assignment of page no.19 question no.2
round 64 to the nearest 10
1. A survey line on campus is measured to be 1000.00 ft long on horizontal ground. The elevation of the line is 700.00 feet and the geoid separation from ellipsoid to geoid is -110
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Determine a particular solution for the subsequent differential equation. y′′ - 4 y′ -12 y = 3e5t + sin(2t) + te4t Solution This example is the purpose that we've been u
I had just come back from a very interesting talk arranged by a Mathematics Centre, it was aimed at parents of primary school-going children. They had talked about, and demonstrate
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prove same homotopy type is an equivalent relation
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