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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.
Five years ago a business borrowed $100,000 agreeing to repay the principal and all accumulated interest at 8% pa compounded quarterly, 8 years from the loan date. Two years after
A girl has 25 plants in all, 8 of them are tomatos. She has 10 more bean plants than pepper plants. How many pepper plants does she have?
Question Suppose that f(x) has (x - 2) 2 and (x + 1) as its only factors. Sketch the graph of f. State all the zeros of f.
Define symmetric, asymmetric and antisymmetric relations. Ans: Symmetric Relation A relation R illustrated on a set A is said to be a symmetric relation if for any x,
1. Show that there do not exist integers x and y for which 110x + 315y = 12. 2. If a and b are odd integers, prove that a 2 +b 2 is divisible by 2 but is NOT divisible by 4. H
i love math..but i am afraid to study it... i mean i ma afraid that it may leave me in clay...what can you suggest me?
what is cos 120
A garden shop wishes to prepare a supply of special fertilizer at a minimal cost by mixing two fertilizers, A and B. The mixture is to contain at least 45 units of phosphate at lea
my daughter is having trouble with math she cant understand why please help us
The following (artificial) data record the length of stay (in days) spent on a psychiatric ward for 28 consecutive patients who have been sectioned under the mental health act, cla
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