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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.
Two tangents PA and PB are drawn to the circle with center O, such that ∠APB=120 o . Prove that OP=2AP. Ans: Given : - ∠APB = 120o Construction : -Join OP To prove : -
A pair of mittens has been discounted 12.5%. The original price of the mittens was $10. What is the new price? Find 12.5% of $10 and subtract it from $10. Find out 12.5% of $10
to use newspaperto study and report on shares and dividend
How will the decimal point move when 245.398 is multiplied by 100? It is moved two places to the right. While multiplying by multiples of 10, the decimal point is moved to the
to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?
John is planning to buy an irregularly shaped plot of land. Referring to the diagram, determine the total area of the land. a. 6,400 m 2 b. 5,200 m 2 c. 4,500 m 2 d.
Jess had a book with 100 pages to read she only read 10 how many pages does she have to read?
hi i would like to ask you what is the answer for [-9]=[=5] grade 7
Prove that in any triangle the sum of the squares of any two sides is equal to twice the square of half of the third side together with twice the square of the median, which bisect
in right angle triangle BAC.
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