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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.
Equation of line joining(0,0)and point of intersection of X2+Y2+2XY=4 , 3x2+5y2-xy=7 is solution) The two equations above represent pair of straight lines. We can complete the sq
There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs are choosen at random then what is the probability of there are just 3defective bulbs
Question 1 An experiment succeeds twice as often as it fails. Find the chance that in the next six trials there will be at least four successes Question 2 An insurance compan
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what is the LCM of 4, 6, 18
I need help solving this question...You have to design a rectangular flyer. The top and bottom must have 5" margins and the left and right sides must have 2" margins. If you must
Classification : As you know, classification (also called grouping) involves putting together things that have some characteristic in common. We can say that a child is able to c
Determine the Projection of b = (2, 1, -1) onto a = (1, 0, -2) There is a requirement of a dot product and the magnitude of a. a → • b → = 4 ||a
(4 sqrt3+5 sqrt2)/(sqrt48+ srt18)
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