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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.
Computer monitors are calculated by their diagonals. If a monitor is advertised to be 19 in, Determine the actual viewing area, considerthe screen is square? (Round to the nearest
sin (5pi/12)
The frequency of oscillation of an object suspended on a spring depends on the stiffness k of the spring (called the spring constant) and the mass m of the object. If the spring is
How many integers satisfy the inequality |10(x+1)/x^2+2x+3|=1? Solution) first thing thats not an inequality, and second thing its very easy if thats the question. the LHS = |10/
Find the probability of drawing a diamond card in each of the two consecutive draws from a well shuffled pack of cards, if the card drawn is not replaced after the first draw
how you know that your first quadrilateral is an isosceles trapezoid
The Dolphins football team gained 16 yards on their first play then lost 11 yards on the next play. Write an addition expression to represent this situation.Find the sum an explain
What is Perfect Squares ? Any number that can be written as an integer to the power of two is called a perfect square. For example, 4 can be written as 2 2 4 is a "perfect sq
3/5 of the soda purchased at the football game was cola. What percentage of the soda purchased was cola? Change the fraction to a decimal through dividing the numerator through
How would you solve the equation: 1+ sin(theta)= 2 cos^2(theta)?
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