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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.
If α, β are the zeros of the polynomial x 2 +8x +6 frame a Quadratic polynomial whose zeros are a) 1/α and 1/β b) 1+ β/α , 1+ α/β. Ans. P(x) = x 2 +8x +6 α + β = -8
Can someone please help me grasp the concept of angles of depression and elevation?
A and B can finish a piece of work in 16 days and 12 days respectively.A started a work and worked at it for 2 days.He was then joined by B.Find the total time taken to finish the
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the sides of a quad taken at random are x+3y-7=0 x-2y-5=0 3x+2y-7=0 7x-y+17=0 obtain the equation of the diagonals
A teacher on attempting to arrange the students for mass drill in the form of a solid square found that 24 students were left over. When he increased the size of the square by one
Two trains were traveling in opposite directions, moving away from one another. One train was moving at 5 miles per hour. The other train was moving at 6 miles per hour. They were
#questionQn 1- An analysis of monthly wages of workers of two organizations Alia LLC and Asila LLC yielded the following results. Alia LLC Asila LLC Average monthly wages 60
1. Find the slope and the y-intercept of the line whose equation is 5x + 6y = 7. 2. Find the equation of the line that is parallel to 2x + 5y = 7 and passes through the mid poin
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