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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 sold an item for Rs 6,750 at a loss 25%. What will be the selling price of same item if he sells it at a profit of 15%?
In parallelogram ABCD, ∠A = 5x + 2 and ∠C = 6x - 4. Find the evaluation of ∠A. a. 32° b. 6° c. 84.7° d. 44° a. Opposite angles of a parallelogram are same in measu
450 students. if there are 50 more boys than girls, how many boys and girls are there?
find the matrix of the linear transformations T:R2->R2 defined by T(x,y,z)=(x+2y,x-3z).
I need to graph rational numbers on the number line Point A-.60, point B-1/4, point C-.4,point D-7/8
why 0 is put in quotient while dividing a number
Properties of the Indefinite Integral 1. ∫ k f ( x ) dx = k ∫ f ( x ) dx where k refer for any number. Thus, we can factor multiplicative constants out of indefinite integral
What is 123x456x789
Gm signal is better than am signal becuase
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