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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 width of a rectangle is 30.5% of its length l. Write a formula for the area and perimeter of the rectangle in terms of l only
Functions of Several Variables - Three Dimensional Space In this part we want to go over a few of the basic ideas about functions of much more than one variable. Very first
Q. Suppose the probability of David coming to a party is 75% and the probability of Jason coming to a party is 85%. What is the probability that they will both come to a party, a
Polar to Cartesian Conversion Formulas x = r cos Θ y = r sin Θ Converting from Cartesian is more or less easy. Let's first notice the subsequent. x 2 + y 2 = (r co
calculation of emi %
Lines EF and GH are graphed on this coordinate plane. Which point is the intersection of lines EF and GH?
I need help with my calculus work
Write the doubles fact you used to solve the problem. 7 + 8 = 15
John and Charlie have a whole of 80 dollars. John has x dollars. How much money does Charlie have? This problem translates to the expression 42 + (11 - 9) ÷ 2. Using order of o
Given f ( x ) = 3x - 2 determine f -1 ( x ) . Solution Now, already we know what the inverse to this function is as already we've done some work with it. Though, it
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