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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.
11% of 56 is what number?
carlie is now fivetimes as old as henry. in nine years her age will be twice henry''s age then. how old is carly now
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A man in rested rupee 800 is buying rupee5 shares and then they are selling at premium of rupee 1.15.he sells all the share.find profit?
any tutorials?
I need marketing management sample assignment as a guide
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