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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.
Doing these sums initially in this way helps children see why they carry over numbers to the next column. You may like to devise some related activities now. , EI) Give activ
need help
the value of square root of 200multiplied by square root of 5+
Evaluate the slope of the line: Example: What is the slope of the line passing through the points (20, 85) and (30, 125)? Solution: m = 125 -85/30-20 = 4
1. A machine comprises of three transformers A, B and C. Such machine may operate if at least 2 transformers are working. The probability of each transformer working is given as di
Consider the subsequent IVP. y' = f(t,y) , y(t 0 ) = y 0 If f(t,y) and ∂f/∂y are continuous functions in several rectangle a o - h o + h which is included in a
THE MULTIPLICATION ALGORITHM : Some Class 3 children in a nearby school had been taught the standard multiplication. Algorithm, and had even done reasonably well in the tests bas
In a class, all pupils take Mathematics (M), 18 take Chemistry (C), 17 take Biology (B) and 24 take Physics (P) of those taking 3 subjects only, 5 take Physics and Chemistry, 7 ta
6 muliplied by 2
what is x(5x4)=26?
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