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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.
a, b,c are in h.p prove that a/b+c-a, b/a+c-b, c/a+b-c are in h.p To prove: (b+c-a)/a; (a+c-b)/b; (a+b-c)/c are in A.P or (b+c)/a; (a+c)/b; (a+b)/c are in A.P or 1/a; 1
Should video game companies continue to alter their products to include other functions, such as e-mail
47x+33y=143
properties
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x ?8x ?16x ? 0, x?0? ? 0, x?0? ? 2
Let Consider R A Χ B, S B Χ C be two relations. Then compositions of the relations S and R given by SoR A Χ C and is explained by (a, c) €(S o R) iff € b € B like (a, b) € R,
Standard interpretations to derivatives Example Assume that the amount of money in a bank account is specified by P (t ) = 500 + 10
Evaluate the slope of the line: Example: What is the slope of the line passing through the points (20, 85) and (30, 125)? Solution: m = 125 -85/30-20 = 4
Bayes’ Theorem In its general form, Bayes' theorem deals with specific events, such as A 1 , A 2 ,...., A k , that have prior probabilities. These events are mutually exclusive
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