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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.
It is the full blown case where we consider every final possible force which can act on the system. The differential equation in this case, Mu'' + γu' + ku = F( t) The displ
whta are the formulas needed for proving in trignometry .
what is a sample space diagram
(x*1)+(x*7) =
Horizontal tangents for Parametric Equations Horizontal tangents will take place where the derivative is zero and meaning of this is that we'll get horizontal tangent at value
Marc goes to the store with exactly $1 in change. He has at least one of each coin less than a half-dollar coin, but he does not have a half-dollar coin. a. What is the least nu
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Optimization is required in situations that frequently arise in finance and other areas. Organizations would like to maximize their profits or minimize thei
(x+y+1)dy/dx=1
2x+4x
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