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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.
What are Factor Trees explain? In algebra, we often need to factor a number into its prime factors. One way to do this is to use a factor tree. This is a network of numbers, st
THE FIRST AND THIRD TERM OF A G.P ARE 8 AND 18 RESPECTIVELY AND THE COMMON RATIO IS POSITIVE.FIND THE COMMON RATIO
There actually isn't a whole lot to do throughout this case. We'll find two solutions which will form a basic set of solutions and therefore our general solution will be as,
briefly explain what is meant by LPP
1. Use mathematical induction to prove whenever n is a positive integer. 2. Use loop invariant to prove that the program for computing the sum of 1,...,n is correct.
Jeff burns 500 calories per hour bicycling. How long will he have to ride to burn 750 calories? To find out the number of hours required to burn 750 calories, divide 750 throug
Determine the minimum capacity C of a Capacitor given that: C =(ax/(x-a))+(xy/(y-b))+(yb/(b-y)) given that "a" and "b" are fixed values and "x" and "y" vary independently such th
Division basically refers to multiplication of reciprocal. For example a/b is same as a*1/b or we can say, is same as a*b -1 , which is "a" multiplied to the inverse of "b". There
what is answer ? + 5=10+5
PROVE THAT 2 IS IRRATIONAL
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