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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.
the graph of relation y=f(x) respect to x=2 straight line is symmetrical then which is correct; (option) a) f(x+2)=f(x_2),b)f(2+x)=f(2_x),c)f(x)=f(_x),d)f(x)=_f(_x)
Case 1: Suppose we have two terms 8ab and 4ab. On dividing the first by the second we have 8ab/4ab = 2 or 4ab/8ab = (1/2) depending on whether we consider either 8ab or 4ab as the
find a quadratic equation whose roots are q+1/2 and 2p-1 with p+q=1
Evaluate the subsequent inverse trigonometric functions: Evaluate the subsequent inverse trigonometric functions. arcsin 0.3746 22° arccos 0.3746 69° arctan 0.383
A Stone is dropped from the top of the tower and travel 24.5 m in last second of its journey. the height of the tower is ...?
can anyone explain me the concept of quadratic equation?
What does the abbreviation ''GSA'' mean?
The following exercises may help you to look more closely at the activities done above. E1) Why did the two dice game become more difficult? E2) Do you find the activities in
Complex numbers from the eigenvector and the eigenvalue. Example1 : Solve the following IVP. We first require the eigenvalues and eigenvectors for the given matrix.
Example1 : Solve the subsequent system of equations. -2x 1 + x 2 - x 3 = 4 x 1 + 2x 2 + 3x 3 = 13 3x 1 + x 3 = -1 Solution The initial step is to write d
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