Mathematics, 19.04.2021 15:30, ayoismeisjjjjuan

Model the variable cost as a uniform random variable with a minimum of $169 and a maximum of $249. Model the product demand as 1,000 times the value of a gamma random variable with an alpha parameter of 3 and a beta parameter of 2. Construct a simulation model to estimate the average profit and the probability that the project will result in a loss. (Use at least 1,000 trials.)

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:00, BluSeaa

Arecipe calls for 2 2/4 cups of raisins, but julie only has a 1/4 measuring cup. how many 1/4 cups is needed to measure out 2 2/4 cups of raisins?

Answers: 1

continue

Mathematics, 21.06.2019 19:20, harmonytaylor13

Is the product of two rational numbers irrational or rational? first, make a hypothesis by multiplying two rational numbers. then, use variables such as x=a/b and y=c/d and the closure property of integers to prove your hypothesis.

Answers: 1

continue

Mathematics, 21.06.2019 23:50, mjlc2099

If the tip varies directly with the number of guest which equation represents between the tip, t, and the number of guest, g?

Answers: 1

continue

Mathematics, 22.06.2019 03:50, 1940swannabe

Situation: find the age of the skull to the nearest year, enter the correct answer. a hiker in africa discovers a skull that contains 32% of its original amount of c- 14. done n = noekt 00000 no = inital amount of c-14 (at time t = 0) n = amount of c-14 at time t k = 0.0001 t = time, in years

Answers: 1

continue

Do you know the correct answer?

Model the variable cost as a uniform random variable with a minimum of $169 and a maximum of $249. M...