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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.
Nine minus five times a number, x, is no less than 39. Which of the subsequent expressions represents all the possible values of the number? Translate the sentence, "Nine minus
a question
adison earned $25 mowing her neighbor''s lawn. then she loaned her friend $18, and got $50 from her grandmother for her birthday. she now has $86. how much money did adison have to
the 10 miles assigned to the chess club start at the 10 mile point and go to the 20 mile point when the chess club members have cleaned 5/8 of their 10 mile section between which m
The median Merits i. This shows the centre of a described set of data ii. Knowledge of the determination of the median may be extended to find out the quartiles i
If PA and PB are tangents to a circle from an outside point P, such that PA=10cm and ∠APB=60 o . Find the length of chord AB.
Bob is 2 years from being double as old as Ellen. The sum of twice Bob's age and three times Ellen's age is 66. How old is Ellen? Let x = Ellen's age and let y = Bob's age. Sin
1/2+1/2
cot functions
The points A,B,C and D represent the numbers Z1,Z2,Z3 and Z4.ABCD is rhombus;AC=2BD.if Z2=2+i ,Z4=1-2i,find Z1 and Z3 Ans) POI of diagonals: (3-i)/2. Using concept of rotation:
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