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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.
Larry earned $32,000 per year. Then he received a (3)1/4% rise. What is Larry's salary after the raise? If Larry earns a (3) 1/4 % (or 3.25%) raise, he will earn 103.25% of his
in one point of the circle only one tangent can be drawn. prove
It is the simplest case which we can consider. Unforced or free vibrations sense that F(t) = 0 and undamped vibrations implies that g = 0. Under this case the differential equation
Millie purchased six bottles of soda at $1.15 each. How much did she pay? To ?nd out the total cost of six bottles, you must multiply the cost per bottle through 6; $1.15 × 6 =
Geometric Applications to the Cross Product There are a so many geometric applications to the cross product also. Assume we have three vectors a → , b → and c → and we make
Your friends have opened an ocean fishing operation that requires their fishing vessel to cross a channel, where the depth of the water (measured in metres) varies with time, and i
4 1/2 ----2----1/3=3
how can i round decimals
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In the given figure, ∠AEF=∠AFE and E is the mid-point of CA. Prove that BD/CD = BF/CE Ans: Draw CG ¦DF In ΔBDF CG ¦ DF ∴ BD/CD = BF/GF .............(1)
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