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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 rectangular field is to be fenced in completely. The width is given as 22 yd and the total area is 990 yd 2 . Determine the length of the field? a. 31 yd b. 45 yd c. 968
Topic : Use of Electronic whiteboards (ICT) in primary education in Australia and international. What are the key theories, concepts and ideas related to your topic? Wha
10000+9854
i want to get market value of 10 popular shares of all working days in a week
Find the sum of (1 - 1/n ) + (1 - 2/n ) + (1 - 3/n ) ....... upto n terms. Ans: (1 - 1/n ) + (1 - 2/n ) - upto n terms ⇒[1+1+.......+n terms] - [ 1/n + 2/n +....+
The distance around a square photograph is 12.8 centimeters. What is the langth of each side of the fotograph?
5 2 --- - --- x-1 x+1
Danny is a contestant on a TV game show. If he gets a question right, the points for that question are added to his score. If he gets a question wrong, the points for that question
Solve for x , y (x + y - 8)/2 =( x + 2 y - 14)/3 = (3 x + y - 12 )/ 11 (Ans: x=2, y=6) Ans : x+ y - 8/2 = x + 2y - 14 /3 = 3x+ y- 12/11
To find the distance to nearby stars, the method of parallax is used. The idea is to find a triangle with the star at one vertex and with a base as large as possible. To do this, t
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