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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.
Mr.Tanaka has 56 students in his choir the ratio of boys to girls is 3:4 how many boys and girls are in his class
what is Fibonacci Sequence? The most famous sequence in mathematical history is called the Fibonacci sequence, discovered by the 12th-century mathematician Leonardo Fibonacci o
y'-5y=0
Functional and variations.Block III, Consider the functional S[y]=?_1^2 v(x^2+y'')dx , y(1)=0,y(2)=B Show that if ?=S[y+eg]-S[y], then to second order in e, ?=1/2 e?_1^2¦?g^'
Here we know x can only be 1 or -1. so if it is 1 ans is 2. if x is -1, for n even ans will be 2 if x is -1 and n is odd ans will ne -2. so we can see evenfor negative x also an
The first year of the Islamic calendar marks the following event: The birth of Muhammad The Qu'ran is assembled into a single sacred text The division of the Sunnis and the Shiites
Equation s(in Tth second)=u+at-a/2 seems to be dimensionally incorrect.why?
The Laser Computer Printer Company decides monthly what to produce during the subsequent month. They produce three types of printers, the Laser Rocket, the Alpha Laser, and the La
If a school has lockers with 50 numbers on each combination lock, how many possible combinations using three numbers are there.
There are a variety of strategies that people use for developing this ability. For instance, while adding 1821,695 and 250, a person could estimate it mentally i) by rounding of
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