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mathematics
numerical analysis
Questions and Answers of
Numerical Analysis
A firm is trying to decide whether to enter a highly uncertain market now or to wait to decide two years from now, when the size of the market will be less uncertain. If it enters now it must invest
Lang Drug needs to determine the proper capacity level for a new drug, Niagara. Its goal is to maximize the expected NPV earned from the drug during years 0-14, assuming a discount rate of 10
You have been asked to interview candidates for an open secretarial position. Each candidate's qualifications for the job can be modeled with a lognormal distribution with a mean of 10 and a standard
A large retailer of kitchen appliances has asked you for advice on how much to stock and how to price leftovers of its products. Here's a typical situation: Demand for espresso machines in the
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