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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.
The longer base of a trapezoid is 3 times the shorter base. The nonparallel sides are congruent. The nonparallel side is 5 cm more that the shorter base. The perimeter of the trape
John is planning to buy an irregularly shaped plot of land. Referring to the diagram, determine the total area of the land. a. 6,400 m 2 b. 5,200 m 2 c. 4,500 m 2 d.
(x+4)(x+6)>0
Differentiate following functions. (a) f ( x ) = 2 x 5 cosh x (b) h (t ) = sinh t / t + 1 Solution (a) f ′ ( x ) = 10x 4 cosh x + 2x 5 sinh x (b) h′ (t ) = (t
(a) Specify that the sum of the degrees of all vertices of a graph is double the number of edges in the graph. (b) Let G be a non directed gra
2/2
Consider the function f(x) = 2x 2 + 1. Find the equation of the tangent to the graph of f(x) at x = 2. [NOTE: when calculating f'(2), use first principles.
The Definition of the Derivative : In the previous section we saw that the calculation of the slope of a tangent line, the instantaneous rate of change of a function, and the ins
what are the dimensions of the box that can be made if squares of x cm by x cm is cut off from 20cm by 20cm square paper
Are there more rational numbers than integers?#
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