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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 sum of three times a greater integer and 5 times a lesser integer is 9. Three less than the greater equivalent the lesser. What is the value of the lesser integer? Let x =
A dealer sells a toy for Rs.24 and gains as much percent as the cost price of the toy. Find the cost price of the toy. Ans: Let the C.P be x ∴Gain = x % ⇒ Gain = x
If ABCD isaa square of side 6 cm find area of shaded region
I've termed this section as Intervals of Validity since all of the illustrations will involve them. Though, there is many more to this section. We will notice a couple of theorems
How Does The Algorithm Work? Most of us, when asked to multiply, say, 35 by 23, write Why do we place the mark x (or 0, or leave a blank) in the second row of the calcul
Two angles are complementary. The calculate of one angle is four times the measure of the other. Evaluate the measure of the larger angle. a. 36° b. 72° c. 144° d. 18°
find the modulus Z=(2-i)(5+i12)/(1+i2)^3
There is a number. If the sum of digits is 14, and if 29 is subtracted from the number, the digits become equal. Find the number.
What are some equations for 36?
A boy standing in the middle of a field, observes a flying bird in the north at an angle of elevation fo 30 degree. and after 2 min, he observes the same bird in the south at an an
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