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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 man in rested rupee 800 is buying rupee5 shares and then they are selling at premium of rupee 1.15.he sells all the share.find profit?
sin((2n+1)180)
How many integers satisfy (sqrt n- sqrt 8836)^2 Solution) sqrt 8836 = 94 , let sqrt n=x the equation becomes... (x-94)^2 (x-94)^2 - 1 (x-95)(x-93) hence 93 8649 the number o
The area of a rectangle gets decreased by 8 m2, if its length is decreased by 5 m and breadth increased by 3 m. If we enhance the length by 3 m and breadth by 2 m, the area is en
(x+4)(x+6)>0
A study was conducted to determine the proportion of people who dream in black and white instead of color. Among 317317 people over the age of? 55, 7777 dream in black and? whi
a. Random or probability sampling methods they involve: Simple random sampling Systematic sampling Stratified sampling Multi stage sampling b.
Find out the determinant: Find out the determinant of the following 3 x 3 matrix, expanding about row 1. Solution:
1. The length of a rectangle is 2 times its width. The area of the rectangle is 72 square inches. Find the dimensions of the rectangle. 2. The length of a rec
1. The number of accidents attended to by 6 emergency ambulance stations during a 5 month period was: Station May June July Aug Sep A 21 20 22 37 37
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