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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.
The angle calculate of the base angles of an isosceles triangle are shown by x and the vertex angle is 3x + 10. Determine the measure of a base angle. a. 112° b. 42.5° c.
I need help with my calculus work
If a differential equation does have a solution how many solutions are there? As we will see ultimately, this is possible for a differential equation to contain more than one s
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Distribution of Sample distribution or Sampling means A sample of size n is taken from the parent population and mean of the sample is estimated. It is repeated for a number o
round to the nearest ten to estimate , 422+296
Example: If c ≠ 0 , evaluate the subsequent integral. Solution Remember that you require converting improper integrals to limits as given, Here, do the integ
Coastal Cable had 1,440,000 customers within January of 2002. During the first half of 2002 the company launched a large advertising campaign. Through the end of 2002 they had 1,80
The picture frame given below has outer dimensions of 8 in by 10 in and inner dimensions of 6 in by 8 in. Find the area of section A of the frame. a. 18 in 2 b. 14 in 2
max z=3x1+2x2 s.t x1+2x2 3x1+2x2>=6 x1+4x2 x1,x2,x3>=0
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