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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.
Find the ratio in which the line segment joining A(6,5) and B(4,-3) is divided by the line y=2 (Ans:3:5) Ans : Let the ratio be k:1 x = 4 k + 6/ k +1 y
is 1 a prime number?
Division of complex number Now, we gave this formula a long with the comment that it will be convenient while it came to dividing complex numbers so let's look at a couple of e
If the diameter of a right cylinder is doubled and the height is tripled, its volume is a. multiplied by 12. b. multiplied by 2. c. multiplied by 6 d. multiplied by 3.
If ABCD isaa square of side 6 cm find area of shaded region
How could 2+2 will be Equal to 5
If the minute hand of a big clock is 1.05 m long, find the rate at which its tip is moving in cm per minute.
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A one-line diagram of a simple three-bus power system is shown in Figure 1 with generation at bus 1. The magnitude of voltage at bus 1 is adjusted to 1.05 per unit. The scheduled l
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