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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.
Positive Skewness - It is the tendency of a described frequency curve leaning towards the left. In a positively skewed distribution, the long tail extended to the right. In
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?
Jessica has a picture in a frame with a total area of 288 in2. The dimension of the picture without the frame is 12 in through 14 in. What is the larger dimension, in inches, of th
A boy standing in the middle of a field, observes a flying bird in the north at an angle of elevation fo 30 degree. and after 2 min, he observes the same bird in the south at an an
how many words can be formed from letters of word daughter such that word contain 2vowles and 3consonant
27-81/3
a box contains 4 white and 6 green balls.Two balls are drawn randomly with replacement.Show the probability on tree dig.
together, pearl and harvey are going to visit their aunt on sunday. If Pearl visits their aunt every 6 days, while harvey every 8 days, on what day will they visit their aunt toget
Introduction: In this project, you will explore a few sorting algorithms. You will also test their efficiency by both timing how long a given sorting operation takes and count
1.If a+b=2b and ab+cd+ad=3bc,prove that a,b,c,d are in A.P 2.The nth term of an A.P is an+b.Find the sum of the series upto n terms.
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