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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.
Alan had 6 books. He read 1/3 of books last week. How many books did Alan read last week?
Consider an election with 721 voters. A) If there are 5 candidates, at least x votes are needed to have a plurality of the votes. Find x. B) Suppose that at least 73 votes are n
Product Rule: (f g)′ = f ′ g + f g′ As with above the Power Rule, so the Product Rule can be proved either through using the definition of the derivative or this can be proved
how do you re name percents to decimal
Find out the greater of two consecutive positive odd integers whose product is 143. Let x = the lesser odd integer and let x + 2 = the greater odd integer. Because product is a
7 is what percent of 105?.
Ok this is true or false wit a definition. The GCF of a pair of numbers can never be equal to one of the numbers.
un prisma retto ha per base un rombo avente una diagonale lunga 24cm. sapendo che la superficie laterale e quella totale misurano rispettivamente 2800cm e3568cm ,calcola la misura
Sequences Let us start off this section along with a discussion of just what a sequence is. A sequence is nothing much more than a list of numbers written in a particular orde
How do you find the distributive property any faster?
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