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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. Cassie has seven skirts, five blouses, and ten pairs of shoes. How many possible outfits can she wear? b. Cassie decides that four of her skirts should not be worn to school.
Logarithmic functions have the following general properties If y = log a x, a > 0 and a ≠1, then The domain of the function
ABCD is a rectangle. Δ ADE and Δ ABF are two triangles such that ∠E=∠F as shown in the figure. Prove that AD x AF=AE x AB. Ans: Consider Δ ADE and Δ ABF ∠D = ∠B
if ab=25 . a(5,x)and b(2,5) . find x.
Define transportation problem
Water in a canal 30 dm wide and 12 dm deep is flowing with a velocity of 10 km/h. How much area will it irrigate in 30 minutes if 8 cm of standing water is required for irrigation?
d^2y/dx^2 if x=ct,y=c/t
2
I gave my niece a whole heap of beads and showed her how to divide it up into sets of 10 beads each. Then I showed her how she could lay out each set of I0 beads in a line, and cal
Using Substitution Solving Polynomial Equations ? Solve : (x 3 + 4) 2 - 15 (x 3 + 4) + 36 = 0. You might be tempted to multiply everything out and factor. However, there
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