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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.
Without solving, find out the interval of validity for the subsequent initial value problem. (t 2 - 9) y' + 2y = In |20 - 4t|, y(4) = -3 Solution First, in order to u
triangular with base AB = 48cm and height CH=16cm is inscribed a rectangle MNPQ in which MN: MQ = 9:5 Find MN and MQ
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1+3i/2+3i standard form
-5+-6=
If α, β are the zeros of the polynomial x 2 +8x +6 frame a Quadratic polynomial whose zeros are a) 1/α and 1/β b) 1+ β/α , 1+ α/β. Ans. P(x) = x 2 +8x +6 α + β = -8
1. A psychologist developed a test designed to help predict whether production-line workers in a large industry will perform satisfactorily. A test was administered to all new empl
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which of these is between 5,945,089 and 5,956,108
Solve the subsequent quadratic equation: Solve the subsequent quadratic equation through taking the square roots of both sides. 3x 2 = 100 - x 2 Solution: Step 1
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