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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.
How may six digit numbers can be made in which the sum of the digits is even? Ans = 9*10*10*10*10*5
Given two functions f(x) and g(x) which are differentiable on some interval I (1) If W (f,g) (x 0 ) ≠ 0 for some x 0 in I, so f(x) and g(x) are linearly independent on the int
3. How are Indian customers visiting Shoppers’ Stop any different from customers of developed western countries? 4. How should Shoppers’ Stop develop its demand forecasts?
Rounding whole numbers List the order in which nancy, amy, ethel and cindy line up in single file to board the school bus. Then match the girls with their heights, which are fo
Determine or find out if the following series is convergent or divergent. Solution In this example the function we'll use is, f (x) = 1 / (x ln x) This function is
Consider the task of identifying a 1 cm thick breast cancer that is embedded inside a 4.2 cm thick fibroglandular breast as depicted in Fig. The cancerous tumor has a cross
who created math?
High temperatures in certain city in the month of August follow uniform distribution over the interval 60-85 F. What is probability that a randomly selected August day has a Temper
sin30
how to do them?
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