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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.
which fractions is equivalent to 5/ 6 a.20/24 b.9/10 c.8/18 d.10/15
Equivalent or Equal sets Two sets C and D are said to be equal whether every member of set C belongs to D and every member of set D belongs also to C.
describe the end behavior of the following function using Limit notation f(x)= 2x-1/x-1
Hi, I really need an idea and a layout on where i should take my Maths assignment. This is for Year 12, and i want to focus on Maths in Music. It has to be at least 6 to 12 pages l
find a quadratic polynomial whose zeroes are 2 and -6.verify the relationship between the coefficients and zeroes of the polynomial
Find out the two inputs when the NAND gate output will be low. Ans. The output of NAND gate will be low if the two inputs are 11. The Truth Table of NAND gate is shown
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Plot the points A(2,0) and B (6,0) on a graph paper. Complete an equilateral triangle ABC such that the ordinate of C be a positive real number .Find the coordinates of C (Ans: (
Carl worked three more than twice as many hours as Cindy did. What is the maximum amount of hours Cindy worked if together they worked 48 hours at most? Let x = the amount of h
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