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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.
explanation
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Identify the surface for each of the subsequent equations. (a) r = 5 (b) r 2 + z 2 = 100 (c) z = r Solution (a) In two dimensions we are familiar with that this
help to solve the laws of indicies chapter 9c book 3 high school example19to the power3_2 what is answer
example and about this
There are 81 women teachers at Russell High. If 45% of the teachers in the school are women, how many teachers are there at Russell High? Use the proportion part/whole = %/100.
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crystal ball pert
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