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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.
Table shows the productivity for the countries Pin and Pang. 1) If the working population of Pin and Pang are both 6 million, divided equally between the two industries in
E1) Why do we shift the place by one, of the result in the second row of the calculation, when we multiply, say, 35 by 237 E2) Write down the algorithm for the multiplication of
what are multiples?
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
16 raised to the power x eqaual to x raised to the power 2. find x
Judgment Sampling Here the interviewer chooses whom to interview believing that their view is more fundamental because they might be directly affected for illustration, to find
Applications of derivatives : At last, let's not forget about our applications of derivatives. Example Assume that the amount of air in a balloon at any time t is specified
pls told the maths shortcuts
The angle of elevation of the top of a tower from a point on the same level as the foot of the tower is α. On advancing 'p' meters towards the foot of the tower, the angle of eleva
Parallel to the line specified by 10 y + 3x= -2 In this case the new line is to be parallel to the line given by 10 y ? 3x ? -2 and so it have to have the similar slope as this
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