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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.
Karen is buying a wallpaper border for her bedroom, that is 12 ft by 13 ft If the border is sold in rolls of 5 yards each, how many rolls will she required to purchase? The dis
If (a,1/a), (b,1/b),(c,1/c),(d,1/d) are four distinct points on a circle of radius 4 units then,abcd is equal to?? Ans) As they are of form (x,1/x) let eq of circle be x
Using the expample provided below, if m∠ABE = 4x + 5 and m∠CBD = 7x - 10, Determine the measure of ∠ABE. a. 155° b. 73° c. 107° d. 25° d. ∠CBD and ∠ABE are vert
26 + 34=
y'' + 2y = 2 - e-4t, y(0) = 1 use euler''s method with a step size of 0.2 to find and approximate values of y
Find the solution to the following system of equations using substitution:
Limits At Infinity, Part II : In this section we desire to take a look at some other kinds of functions that frequently show up in limits at infinity. The functions we'll be di
how to do mathematical proofs
OQRS IS A QUADRILATERAL SUCH THAT OQ= -6,3 OR= -3,7 AND OS= 1,5. T IS ON OQ SUCH THAT OT: TQ= 1:2 PROVE THAT QRST IS AA PARALLEGRRAM
7(y + 3) - 2(x + 2) = 14, 4 (y - 2) + 3(x - 3) = 2 Ans: 7(y + 3) - 2 (x+ 2) = 14 --------- (1) 4(y- 2) + 3(x - 3) = 2 ----------(2) From (1) 7y +21 -
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