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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.
A man travels 600km partly by train and partly by truck. If he covers 120km by train and the rest by truck, it takes him eight hours. But, if he travels 200km by train and the res
give an example of a relation R that is transitive while inverse of R is not
Consider the system of linear equations X + ay = 1 2x + 8y = b Where a and b are real numbers. (a) Write out the augmented matrix for this system of linear equations.
Find the length of the second diagonal of a rhombus, whose side is 5cm and one of the diagonals is 6cm.
QR is the tangent to the circle whose centre is P. If QA || RP and AB is the diameter, prove that RB is a tangent to the circle.
Decision-Making Under Conditions of Certainty Conditions of certainty tend to be rare, especially when significant decisions are involved. Under conditions of certainty, decis
Evaluate following indefinite integrals. (a) ∫ 5t 3 -10t -6 + 4 dt (b) ∫ dy Solution (a) ∫ 5t 3 -10t -6 + 4 dt There's not whole lot to do here other than u
Compute the dot product for each of the subsequent equation (a) v → = 5i → - 8j → , w → = i → + 2j → (b) a → = (0, 3, -7) , b → = (2, 3,1) Solution (a) v →
what is share and dividend?
Solve the equation for exact solutions over the interval [o,2Pi] 2 sec x + 1 = sec x + 3 Some one please help!!!
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