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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.
Let G be a group acting on a set X. The action is called faithful if for any g ≠ 1 ∈ G there exists an x ∈ X such that gx ≠ x. That is, only the identity fi xes everything. Prov
(-2x^2y4)(10xy^2)^3
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can you hepl me with my home i dont understand it!!!
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A Stone is dropped from the top of the tower and travel 24.5 m in last second of its journey. the height of the tower is ...?
Position Vector There is one presentation of a vector that is unique in some way. The presentation of the ¯v = (a 1 ,a 2 ,a 3 ) that begins at the point A = (0,0,0) and ends
If A = 100 and B = 44 then A1 = 120 and B2 = 52.80 A is MAP and B is Tier 6. I need help to find a simple equation that I just cannot find. I just need the percentage
What are the Rules of vector multiplication?
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