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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.
Erin is painting a bathroom along with four walls each measuring 8 ft through 5.5 ft. Ignoring the doors or windows, what is the area to be painted? The area of the room is the
For schedule consistency, you decide to require each officer to report for their eight-hour shift at 12 AM, 4 AM, 8 AM, 12 PM, 4 PM, or 8 PM. As the Director of Public Safety, you
1. Simon's monthly take home pay (after taxes) is $2200, if he pays 19% of his gross pay(before taxex) in tax, what is his gross pay? 2 . Convert the following quantities to th
Find the Quadratic polynomial whose sum and product of zeros are √2 + 1, 1/ √2 + 1 Ans: sum = 2 √2 Product = 1 Q.P = X 2 - (sum) x + Product ∴ x 2 - (2 √2 )
A farmer's rectangular field has an area in which can be expressed as the trinomial x2 + 2x + 1. In terms of x, what are the dimensions of the field? Because the formula for th
Randi takes the stairs at work whenever possible instead of the elevator. She must climb up 51 steps from her office to get to the accounting department. The human resources depa
Consider the differential equation give by y′ = -10(y - sin t) (a) Derive by hand exact solution that satis?es the initial condition y(0) = 1. (b) Numerically obtain the s
Find out the greater of two consecutive positive odd integers whose product is 143. Let x = the lesser odd integer and let x + 2 = the greater odd integer. Because product is a
TYPES OF INFINITY : Mostly the students have run across infinity at several points in previous time to a calculus class. Though, when they have dealt along with this, this was jus
2/3=y-1/2
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