Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Flifla sells tomatoes every day in Suk al Marqazi, the downtown fruit and vegetable market. He finds that he can order tomatoes in crates of 25 kg and he is able to stock a maximum of four crates or 100 kg of tomatoes. His experience taught him that the daily demand ranges from 0 to100 kg of tomatoes. Flifla sells tomatoes at 1 dirham/kg. His cost is Dhs 0.70 per kg. Therefore, his profit is Dhs 0.30 per kg of tomatoes sold. For any unsold tomatoes, Flifla can sell them for Dhs 0.50 to a recycling firm that produces tomato paste. Flifla's objective is to determine the quantity of tomatoes to buy each day to maximize his profits. Answer the following questions.
a) Construct a conditional payoff table.
b) What is the best decision according to the following criteria?
- Optimistic criterion
- Pessimistic criterion
- Equally likely
c) Construct an opportunity loss table.
d) What is the Minimax regret?
e) Assume the following probability distribution:
Demand
Probability
0 kg
.05
25 kg
.10
50 kg
.30
75 kg
.35
100 kg
.20
Obligations showing the responsibility to pay for solutions or products that have been suffered or obtained but not compensated for by the end of the sales interval.
1. Generate 1000 samples for each of the following discrete random variables: (a). Binomial distribution with n=40, p=0.7, and distr. with n=50, p=0.5 (b). Geometric distribu
Mode Mode, M is the value that has the largest number of occurrence or frequency in a data set, for instance, given the following data: 11 15 16 12 15 19 17 15 we can se
Circular motion is termed as when an object experiences the right amount of net force which is directed toward the center of the circle / curve. The net acceleration of an objec
ABC company has 2000 accounts receivable. The mean and standard deviation are $300 and $50, respectively. Assume that the accounts are normally distributed.
difference betwen histogram and historigram
Foster Company makes 20,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $24.70 Dir
i need to know newton''s second law. my science book is glencoe mcgraw 6th grade.
1. In your own words explain the difference between a point estimate and an interval estimate of a parameter? Which is better? Why? 2. What information is necessary to calculat
The heights of a large population of adult females who play basketball are normally distributed with a mean of 175cm and a standard deviation of 7.5cm. (a) what proportion of this
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd