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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.
A man invest ?13500 partly in shares paying 6% at ?140 and partly in 5% at 125.If he is tolal income is 560, how much has he invested in each?
Let R be the relation on S = {1, 3, 6, 9, 27} defined by aRb iff a|b. (a) Write down the matrix of R. (b) Draw the digraph of R. (c) Explain whether R is reflexive, irrere
Calculate subsequent proportion: A recipe calls for 1(1/2) cups of flour to make servings for 6 people. How much flour should be used to make servings for 4 people? Solut
x=-3(y-2)^2+4
is 4x-9 a polynomial function?
THE % PARTICIPATION Feature in a major medical expense policy is 75% with a $100 deductible. how much of a $2,000 bill is the insured responsible for paying?
Case 1: Suppose we have two terms 7ab and 3ab. When we multiply these two terms, we get 7ab x 3ab = (7 x 3) a 1 + 1 . b 1 + 1 ( Therefore, x m . x n = x m +
the radii of circular base of right circular cylinder and cone are in the ratio of 3:4 and their height are in the ratio of the 2:3 what is the ratio of their volume?
how to do proving of rectilinear figures?..
Let R be the relation on Z + defined by aRb iff gcd(a; b) = 1 (that is, a and b have no common divisors greater than one). Explain whether R is reflexive, irreflexive, symmetri
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