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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.
The scale of a map is 0.5 in 25mi the actual distance between two cities is 725mi write a proportion that represents the relationship how far apart will the cities be on the map
Identify the surface for each of the subsequent equations. (a) r = 5 (b) r 2 + z 2 = 100 (c) z = r Solution (a) In two dimensions we are familiar with that this
cot functions
The twenty-third Jaina teacher, Parsva, the immediate predecessor of Mahavira enjoined on his disciples four great vows. To these Mahavira addes which of the followings as the fift
A washing machine, cash price $ 850 is available on the following terms: A deposit of $ 100 followed by equal payments at the end of each month for the next 18 months, if intere
Urn A contains 1 white,2 black and 3 red balls;Urn B contains 2 white,1 black and 1 red balls;and Urn C contains 4 white,5 black and 3 red balls.One urn is chosen at random and two
What is modi method?
Find the standard form of the equation of the parabola with a vertex at the origin and a focus at (0, -7).
A cylindrical hole with a radius of 4 inches is cut through a cube. The edge of the cube is 5 inches. Determine the volume of the hollowed solid in terms of π. a. 125 - 80π
A 64-ounce bottle of detergent costs $3.20. What is the cost per ounce of detergent? To ?nd out the cost per ounce, divide the cost through the number of ounces; $3.20 ÷ 64 =
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