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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.
if the numerator of a fraction is decreased by 40% and the denominator is increased by 100% the new value is 1. what was the original factor
Find and classify the equilibrium solutions of the subsequent differential equation. y' = y 2 - y - 6 Solution The equilibrium solutions are to such differential equati
In the adjoining figure ABCD is a square with sides of length 6 units points P & Q are the mid points of the sides BC & CD respectively. If a point is selected at random from the i
If the sides angles of a triangle ABC vary in such a way that it''s circum - radius remain constant. Prove that, da/cos A +db/cos B+dc/cos C=0
prove that s is bounded?
I wanted to know what are surds.please explain with an example.
Find out the area of the region enclosed by y = x 2 & y =√x . Solution Firstly, just what do we mean by "area enclosed by". This means that the region we're interested in
NUMBER SYSTEMS: Numbers are intellectual witnesses that belong only to mankind. Example: If the H C F of 657 and 963 is expressible in the form of 657x + 963 x -
A car buyer has a choice of three makes, five body styles, and six colors. How many different choices does the buyer have?
A fox and an eagle lived at the top of a cliff of height 6m, whose base was at a distance of 10m from a point A on the ground. The fox descends the cliff and went straight to the p
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