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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.
I have some sample simulation and modeling practice questions using isee Stella software.
OQRS IS A QUADRILATERAL SUCH THAT OQ= -6,3 OR= -3,7 AND OS= 1,5. T IS ON OQ SUCH THAT OT: TQ= 1:2 PROVE THAT QRST IS AA PARALLEGRRAM
E 1) Try the two activities detailed above with a few children around you Evaluate whether they really helped to improve the children's performance of mental arithmetic. Anot
If the points (5, 4) and (x, y) are equidistant from the point (4, 5), prove that x 2 + y 2 - 8x - 10y +39 = 0. Ans : AP = PB AP 2 = PB 2 (5 - 4) 2 + (4 - 5) 2 = (x
degree of a diffrential equation
how do i write the question
What is Identities and Contradictions ? Look at this equation: x + 1 = 1 + x It happens to be true always, no matter what the value of x. (Try it out! What if x is 43?)
Cross Product In this last section we will look at the cross product of two vectors. We must note that the cross product needs both of the vectors to be three dimensional (3D
The value of y that minimizes the sum of the two distances from (3,5) to (1,y) and from (1,y) to (4,9) can be written as a/b where a and b are coprime positive integers. Find a+b.
If x = b y where both b > 0, x > 0, then we define y = log b x, which is read as "y is the log to the base b of x". This means that, log b x or y is the number to
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