User Account

All Pages

Should you drop your decision-analysis course

Assignment Help Engineering Mathematics
Reference no: EM131523994

Question: Should you drop your decision-analysis course? Suppose you faced the following problem: If you drop the course, the anticipated salary in your best job offer will depend on your current GPA:

Anticipated salary | Drop = ($4,000 x Current GPA) + $16,000

If you take the course, the anticipated salary in your best job offer will depend on both your current GPA and your overall score (on a scale of 0 to 100) in the course:

Anticipated salary | Do Not Drop = 0.6($4,000 x Current GPA) + 0.4($170 x Course Score) +$16,000

The problem is that you do not know how well you will do in the course. You can, however, assess a distribution for your score. Assuming that 90-100 is an A, 80-89 is a B, 70-79 a C, 60-69 a D, and 0-59 an F, assess a continuous probability distribution for your numerical score in the course. Use that distribution to decide whether or not to drop the course. Figure 8.21 shows your decision tree.

Reference no: EM131523994

Questions Cloud

Discuss what is the posterior probabilities : It is said that Napoleon assessed probabilities at the Battle of Waterloo in 1815. His hopes for victory depended on keeping the English and Prussian armies.
What is the expected capital gains yield : What is the current yield? What is the expected capital gains (or loss) yield for the coming year?
Government of a country imposes trade restrictions : If the government of a country imposes trade restrictions on the import of a certain good, the country will gain a comparative advantage.
Number of male customers : The manager of a Vancouver night club has observed that the number of male customers who visit the clubs follows as poisson distribution.
Should you drop your decision-analysis course : The problem is that you do not know how well you will do in the course. You can, however, assess a distribution for your score.
Discuss whether you believe the immunity provided : Discuss whether you believe the immunity provided is appropriate and also whether it unduly hinders the investigatory process.
Time from acceptance to maturity on banker acceptance : The time from acceptance to maturity on a banker’s acceptance (B/A) is 90 days. The importing bank’s acceptance commission is 1%.
Absolute and comparative advantage : What is the difference between absolute and comparative advantage? Which is more appropriate for current trade policy?
Calculate the three mesh currents : Using Mesh analysis: Calculate the three mesh currents, I1, I2 and I3, of the network shown in Figure 1. State clearly the directions of the currents

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  Number of consumer complaints

The following table contains the number of consumer complaints received in a Publix market in Hollywood, Florida.

  How much will be repaid as a lump-sum amount

A person has made an arrangement to borrow $1,000 now and another $1,000 two years hence. The entire obligation is to be repaid at the end of four years.

  Test the claim against the alternative

A manufacturer claims that in a process of producing drill bits, only 2.5% of the bits are dull. Test the claim against the alternative that more than 2.5% of the bits are dull, using a sample of 400 bits containing 17 dull ones. Use a = 5%.

  What can you say about the robustness of your algorithm

Now plot the error against 1: for the same range as in part (b) (you might want to use a log scale for the y-axis). How does the error behave? "What can you say about the accuracy of your algorithm? What can you say about the robustness of your alg..

  What is the firms break-even point in sales dollars

(Break-even analysis) You have developed the following income statement for the Hugo Boss Corporation. It represents the most recent year's operations.

  Compute the command response of the system with constant

Design an explicit-model-following controller for the system used in (3), assuming that the desired model is as specified there.

  Find stress,strain and modulus of elasticity

A metallic rectangular rod 1.5m long,40mm wide and 25mm thick is subjected to axial tensile load of 120KN.Elongation of rod is 0.9mm.Find stress,strain and modulus of elasticity.

  Probability that the right headlight

I recently had to replace both front headlights on my car. The life expectancy of my headlights follows an exponential distribution with a MTBF of 1500 hours. That is, the expected number of hours until failure is 1500 hours. For the purposes of t..

  What selling price per unit is necessary to achieve result

(Break-even point and selling price) Simple Metal Works, Inc. will manufacture and sell 300,000 units next year. Fixed costs will total $350,000, and variable.

  Find the inverse transform

Find the inverse transform and find the Laplace transform - Express the following function in terms of unit step functions

  Determine the value of each ton of product requires

Selling and distribution costs are $20 per ton of product. General overheads are 10% of sales revenue. Tax rate is 50%. Determine the value of Each ton of product requires.

  Compute b1 and b0

Compute B1 and B0 (for this I am having trouble finding the covariance and Sx if you could please write that out in detail)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd