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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.
S olve the subsequent IVP. dv/dt = 9.8 - 0.196v; v(0) = 48 Solution To determine the solution to an Initial Value Problem we should first determine the gen
Each of the series 3+5+7+..... and 4+7+10.......... is continued to 100 terms find how many terms are identical. Ans) 48 terms would be common to both the series... first take co
how does proportionality work
Five more than the quotient of a number and 2 is at least that number. What is the greatest value of the number? Let x = the number. Notice that quotient is a key word for div
The sum of the smallest and largest multiples of 8 up to 60 is?
Compute the linear convolution of the discrete-time signal x(n) ={3, 2, 2,1} and the impulse response function of a filter h(n) = {2, 1, 3} using the DFT and the IDFT.
Exercise 12c question number 24
Bill traveled 117 miles in 2.25 hours. What was his average speed? Use the formula d = rt (distance = rate × time). Substitute 117 miles for d. Substitute 2.25 hours for t and
Sir, I am a Maths teacher from kolkata,India.i want to join your website as Maths'' expert.Please guide me as to how to join your website and earn some money. I will be really grat
What is a scatter diagram? A scatter diagram is a graphical representation of data points for a particular sample. Choosing a dissimilar sample or enlarging the original one ca
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