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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.
Human resource management Statistics may be utilized in efficient employ of human resources for example we may provide questionnaires to workers to find out where the manageme
13 1/4 34 56/89
carlie is now fivetimes as old as henry. in nine years her age will be twice henry''s age then. how old is carly now
#question.how to creat table
a, b,c are in h.p prove that a/b+c-a, b/a+c-b, c/a+b-c are in h.p To prove: (b+c-a)/a; (a+c-b)/b; (a+b-c)/c are in A.P or (b+c)/a; (a+c)/b; (a+b)/c are in A.P or 1/a; 1
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what is the changen intemperature bewtween the highest and the lowest temperture high-40c low-0c
sir/madam, i abdulla working as a maths teacher want to join ur esteemed organisation as a tutor how can i proceed i have created an account even pls guide me, thanks abdulla
which one is greater -4 4/25 or -4.12?
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