question 3

Chrome File Edit View History Bookmarks People Tab Window Help $ 100% 47 Fri 2:09 PM Q E ... Quiz: Final X C Get Homev X Homework X 4 Questions x E Topic 1 Que x | 4 Solutions - x | Topic 1 Sol x | (7) WhatsA X 4(CITY) CB2 X G Google X + ( > C canvas.cityu.edu.hk/courses/36605/quizzes/35953/take GA S Update : Apps Find@HKUL 5 Learner Portal (LP) 4 Google Drive: Fre.. YouTube Maps Express Login to... Dashboard Connect - Sign In CLA General Format //... SHE Google. A merchant stocks a certain perishable item. On any given day he will have a demand of 250, Cityu 350, or 450 for these items with probabilities 0.2, 0.4, and 0.4, respectively. He buys the items canvas for $12.0 each and sells them for $20.0 each. If any are left at the end of the day, they are scrapped. (a) Determine how many items, 250, 350, or 450, should the merchant stock so as to Account maximize his expected daily profit. (5 marks) Dashboard (b) Find the variance of daily profit for the number of items determined in (a). (2 marks) Courses Groups Calendar D Question 3 (10 marks) Two mutual funds, (1) and (II), have independent yearly performance and constant 0.6 Inbox probability of growth in any one year. (a) Find the probability that fund (1) records the third year of growth at the end of the fifth History year. ?) (5 marks) Help (b) Find the probability that fund (1) records four or more years of growth than fund (II) at the end of the fifth year. K (5 marks) Assignment 2 So..pdf Assignment 1 Sol....pdf Show all X DEC 28 3,536 11 W O P