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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 telephone company charges $.35 for the first minute of a phone call and $.15 for each additional minute of the call. Which of the subsequent represents the cost y of a phone call
The general solution to a differential equation is the most common form which the solution can take and does not take any initial conditions in account. Illustration 5: y(t) =
HOW TO ADD MIXED FRACTION
Determine the equation of the tangent line to r = 3 + 8 sinθ at θ = Π/6. Solution We'll first need the subsequent derivative. dr/dθ = 8 cosθ The formula for the deriv
Jon ran around a track that was one eighth of a mile long.He ran around the track twenty four times.How many miles did Jon run in all
Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers
rectangles 7cm by 4cm
Perform the denoted operation for each of the following. (a) Add 6x 5 -10x 2 + x - 45 to 13x 2 - 9 x + 4 . (b) Subtract 5x 3 - 9 x 2 + x - 3 from x 2+ x +1.
Tammi's latest printer can print 13.5 pages a minute. How many pages can it print in 4 minutes? Multiply 13.5 by 4 to ?nd out the number of copies made; 13.5 × 4 = 54 copies.
State clearly that the current in an RLC circuit with an AC source with and without the use of complex variables
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