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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.
Kenny used a micrometer to measure the thickness of a piece of construction paper. The paper measured halfway among 0.24 millimeters and 0.25 millimeters. What is the thickness of
x^2 + 10x +2 4
Domain and range of a functio: One of the more significant ideas regarding functions is that of the domain and range of a function. In simplest world the domain of function is th
Y=θ[SIN(INθ)+COS(INθ)],THEN FIND dy÷dθ. Solution) Y=θ[SIN(INθ)+COS(INθ)] applying u.v rule then dy÷dθ={[ SIN(INθ)+COS(INθ) ] dθ÷dθ }+ {θ[ d÷dθ{SIN(INθ)+COS(INθ) ] } => SI
how do you you find 40% if you 35 out of 40
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Patrice has worked a certain amount of hours so far this week. Tomorrow she will work four more hours to finish out the week along with a total of 10 hours. How many hours has she
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