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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.
A local police precinct has seen a recent enhance in the number of complaints filed regarding how officers are interacting with the public. Before addressing the issue, the command
Keith wants to know the surface area of a basketball. Which formula will he use? The surface area of a sphere is four times π times the radius squared.
how to add
the value of square root of 200multiplied by square root of 5=
f(x)=5x^-6 on the interval [1,infinity)
Bill spent 50% of his savings on school supplies, and then he spent 50% of what was left on lunch. If he had $6 left after lunch, how much did he have in savings at the starting?
The population of a city is observed as growing exponentially according to the function P(t) = P0 e kt , where the population doubled in the first 50 years. (a) Find k to three
A patient will receive hemodialysis for 2.5 hours. The amount of fluid removed per hour is 1.4 liters. The total amount removed in liters, will be
MATH
Using the example provided, Evaluate the area of the shaded region in terms of π. a. 264 - 18π b. 264 - 36π c. 264 - 12π d. 18π- 264 b. The area of the shaded r
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