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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.
Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+...+15+17)=
1 Data is to be transmitted over Public Switched Telephone Network (PSTN) using 8 levels per signaling elements. If the bandwidth is 3000 Hz, deduce the theoretical maximum transfe
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81 miles equal how many inches simplify your answer integer od decimal..
E1) Can you give some more examples of the spiral development of the mathematics curriculum? E2) A Class 3 child was asked to add 1/4 + 1/5. She wrote 2/9. Why do you feel this
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