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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.
Question 1 Explain Peano's Axioms with suitable example Question 2 Let A = B = C= R, and let f: A→ B, g: B→ C be defined by f(a) = a+1 and g(b) = b 2 +1. Find a) (f °g
find middle term [2a-a2/4]9
Find an integrating factor for the linear differential equation and hence Önd its general solution: SOLVE T^ 2 DY DX+T2
Marketing management,Analysis,planning and implementation
(x+1/x)^2=3 then value of x^72+x^66+x^54+x^36+x^24+x^6+1 is
The area of a rectangle gets decreased by 8 m2, if its length is decreased by 5 m and breadth increased by 3 m. If we enhance the length by 3 m and breadth by 2 m, the area is en
Mark has three 4 1/2 oz cans of tomatoes and ?ve 8 1/4 oz cans. How many ounces of tomatoes does Mark have? Ignore the fractional parts of the mixed numbers at first and mul
Parametric Curve - Parametric Equations & Polar Coordinates Here now, let us take a look at just how we could probably get two tangents lines at a point. This was surely not
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( a+2b)x + (2a - b)y = 2, (a - 2b)x + (2a +b)y = 3 (Ans: 5b - 2a/10ab , a + 10b/10ab ) Ans: 2ax + 4ay = y , we get 4bx - 2by = -1 2ax+ 4ay = 5 4bx- 2by = - 1
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