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The following gives the number of accidents that occurred on Florida State Highway 101 during the past 4 months:
MONTH
NUMBER OF ACCIDENTS
January
30
February
40
March
60
April
90
Forecast the number of accidents that will occur in May, using least-squares regression to derive a trend equation.
1. Does one functional department shall be allow to "borrow" (on a short-term basis) people from another functional department in order to fulfill project-manning requirements?
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Explain the concept of value of perfect information in decision analysis. Give a real world example where the value of perfect information will be useful to a decision maker.
For this payoff table find Transrail's optimal decision using (1) the conservative approach, (2) the optimistic approach. and 3) the minimax regret approach
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How many decision variables are there in a transportation problem which has 5 supply points and 4 demand points?
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