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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 payday loan company charges a $95 fee for a $500 payday loan that will be repaid in 11 days. Treating the fee as interest paid, what is the equivalent annual interest rate?
find or evaluate the integral integrate((e^2x + e^x + 1)/(e^x))dx
who discovered unitary meathod
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
a manufacturer is interested in developing a benefit segmentation of the cameramarket.suggest some major benefit segments with market targeting strategies.
25/5(2+3)
Fourier series - Partial Differential Equations One more application of series arises in the study of Partial Differential Equations. One of the more generally employed method
- Find the total surface area of a frustum of a cone. (Include top and bottom). The equation that I have for volume is v=1/3 pi x h(r^2+rR+R^2) -the equation that I have found fo
differet types of rectilinear figures??
log2(x^2)=(log2(x))2
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