Which numerical method should we use
Which numerical method should we use?
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The three most important numerical methods in common utilize are Monte Carlo, numerical quadrature and finite difference including the binomial method as only a simplistic version of finite differences.
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From books of Aggarwal Bors, following information has been extracted: Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is e
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