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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 jeweler has bars of 18-carat gold and 12-carat gold. How much of every melted together to obtain a bar of 16-carat gold, weighing 120 gm ? It is given that pure gold is 24 carat.
Find out the Taylor Series for f (x) = e x about x = 0. Solution In fact this is one of the easier Taylor Series that we'll be asked to calculate. To find out the Taylor
Find the area of shaded region of circle of radius =7cm, if ∠AOB=70 o , ∠COD=50 o and ∠EOF=60 o . (Ans:77cm 2 ) Ans: Ar( Sector AOB + Sector COD + Sector OEF) = 7
evaluate limit as x approaches 0 (x squared times sin (1/x)
Provide me some Example of in-equations.
Two circles touch each other externally: Given: Two circles with respective centres C1 and C2 touch each other externaly at the point P. T is any point on the common tangent
1/4+1/2+1/2
Solve the linear equation: The equation relating the pressure that is denoted by P, to the force, F & the area, A, over which the force is applied is P =F/A. Solve this equat
Louise is estimating the cost of the groceries in her cart. She rounds the cost of every item to the nearest dollar to form her calculations. If an item costs $1.45, to what amount
Scatter Graphs - A scatter graph is a graph that comprises of points which have been plotted but are not joined through line segments - The pattern of the points will defin
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