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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.
Definite integration It involve integration among specified limits, say a and b The integral is a definite integral whether the limits of integration are as: a and b
http://www.idea.wsu.edu/Range/
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how do you solve 45 = n/5 = 5
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find the value of x for which [1 0] [0 x-8]
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The area of a square is 64 cm 2 . What is the length of one side of the square? To find out the area of a square, you multiply the length of a side through itself, because all
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