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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.
Differentiate following functions. (a) f ( x ) = 15x 100 - 3x 12 + 5x - 46 (b) h ( x ) = x π - x √2 Solution (a) f ( x ) = 15x 100 - 3x 12 + 5x - 46 I
Determine the slope following lines. Sketch the graph of line. The line which contains the two points (-2, -3) and (3, 1) . Solution we'll need to do is employ
all perimeter and area
Example of Circles - Common Polar Coordinate Graphs Example: Graph r = 7, r = 4 cos θ, and r = -7 sin θ on similar axis system. Solution The very first one is a circle
Michael has 16 CDs. This is four more than twice the amount that Kathleen has. How many CDs does Kathleen have? Let x = the number of CDs Kathleen has. Four more than twice th
Find the sum of all 3 digit numbers which leave remainder 3 when divided by 5. Ans: 103, 108..........998 a + (n-1)d = 998
A round balloon of radius 'a' subtends an angle θ at the eye of the observer while the angle of elevation of its centre is Φ.Prove that the height of the center of the balloon is a
what value of k is he sequence 2k+4,3k-7,k+12 are in an arithmetic sequence is
Here we look at only the rules without going into their proofs. They are: a 0. If a If a If a
what is infinite? ..
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