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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 solution to a differential equation at an interval α Illustration 1: Show that y(x) = x -3/2 is a solution to 4x 2 y′′ + 12xy′ + 3 y = 0 for x > 0. Solution : We'll
-9+f ?-1 ?? (a-1)=-12 f(-3)=2
class 10 Q.trigonometric formula of 1 term
example with solution of quadratic polynomial
Decision-Making Under Conditions of Uncertainty With decision making under uncertainty, the decision maker is aware of different possible states of nature, but has insufficient
what is the answer
In addition and subtraction we have discussed 1) Some ways of conveying the meaning of the operations of addition and subtraction to children. 2) The different models o
1. Finding the shortest path btween any two points on the surface of a sphere but use the method of the euler equations with an auxiliarty condition imposed? Question2:
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Find the solution to the subsequent IVP. ty' - 2y = t 5 sin(2t) - t 3 + 4t 4 , y (π) = 3/2 π 4 Solution : First, divide by t to find the differential equation in the accu
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