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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.
Steve earned a 96 percent on his ?rst math test, a 74% on his second test, and an 85 percent on his third test. What is his test average? Add the test grades (96 + 74 + 85 = 25
Q. Probability of Independent Events? Ans. Consider these two events: {My name is Shirley} {The rain is falling} Are these events related to each other? No. My name
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what is -6.4 as a fraction?
Higher-Order Derivatives It can be seen that the derivative of a function is also a function. Considering f'x as a function of x, we can take the derivative
Solving a System of 2 Equations Using the Addition/Subtraction Method To solve a system of linear equations using the addition/subtraction method, both equations should first b
1. Give some Class 4 children around you problems like 15 x 6 to do dentally. Interact with them to find out the different strategies they use for doing it, and note these down.
A 100 by 150 mm rectangular plate is deformed as shown in the following figure. All dimensions shown in the figure are in millimeters. Determine at point Q: (a) the strain compone
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we know that derivative of x 2 =2x. now we can write x 2 as x+x+x....(x times) then if we take defferentiation we get 1+1+1+.....(x times) now adding we get x . then which is wro
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