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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.
monomet
Vector Form of the Equation of a Line We have, → r = → r 0 + t → v = (x 0 ,y 0 ,z 0 ) + t (a, b, c) This is known as the vector form of the equation of a line. The lo
can i known the all equations under this lesson with explanations n examples. please..
The probability of a rare disease striking a described population is 0.003. A sample of 10000 was examined. Determine the expected no. suffering from the disease and thus find out
3 3/7 + 2 8/9 * 4=
Surface Area with Parametric Equations In this final section of looking at calculus applications with parametric equations we will take a look at determining the surface area o
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Find reference angle alpha and thea element of [0 degrees, 1800 degrees]
multi step equations?
two colum proofs
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