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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.
3x2+5x-2
Critical Point Definition : We say that x = c is a critical point of function f(x) if f (c) exists & if either of the given are true. f ′ (c ) = 0 OR f ′ (c
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Constrcut the adjacency matrix and the adjacency lists for the graph G belowr.
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Find the are of the rectilinear.if it is the difference between to isosceles trapezoid whose corrsponding sides are parallel.
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Fermat Catalan Conjecture
INTRODUCTION : All of us have encountered mathematics while growing up. Some of us have grown to like it, and therefore, enjoy. doing it. Some others have developed a lukewarm rel
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