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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.
Justin weighed 8 lb 12 oz while he was born. At his two-week check-up, he had gained 8 ounces. What was his weight within pounds and ounces? There are 16 ounces within a pound.
Finding Absolute Extrema of f(x) on [a,b] 0. Confirm that the function is continuous on the interval [a,b]. 1. Determine all critical points of f(x) which are in the inte
there are
Question 1: (a) Show that, for all sets A, B and C, (i) (A ∩ B) c = A c ∩B c . (ii) A ∪ (B ∩ C) = (A ∪ B) ∩ (A ∪ C). (iii) A - (B ∪ C) = (A - B) ∩ (A - C).
HOW MANY TENS ONES AND HUNDRED ARE IN A GROUP OF 2
use the point to generate a cosine function that models the sound wave. Name the amplitude Name the period Name the phase shift name the vertical shift Write the equation for the
A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 hour?
You are painting the surface of a silo that has a diameter of 16 ft and height of 50 ft. What is the net surface area to be painted? Consider the top of the silo is 1/2 a sphere
The area of a parallelogram can be expressed as the binomial 2x 2 - 10x. Which of the following could be the length of the base and the height of the parallelogram? To ?nd out
if you have 1/5 of a candy bar and 4 friends how much will they get
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