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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.
what is -6.4 as a fraction?
Compute the volume and surface area of a right circular cone: Compute the volume and surface area of a right circular cone along with r = 3", h = 4", and l = 5". Be sure to
5289441+4684612131
what is solid geometry and uses of solid geometry
50387 divided by 21
the sides of triangleare inthe ratio 2;3;4 if the perimeter is 72 cm. find its side.
monomet
Suppose S = {vi} and T = {ti} are "easy" sets of knapsak weight. Also, P and q are primes p > ?Si and q > ?ti. We can combine S and T into a signle set of knapsack weight as follow
The two sides of a triangle are 17 cm and 28 cm long, and the length of the median drawn to the third side is equal to 19.5 cm. Find the distance from an endpoint of this median to
There are 81 women teachers at Russell High. If 45% of the teachers in the school are women, how many teachers are there at Russell High? Use the proportion part/whole = %/100.
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