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Even though independent gasoline stations have been having a difficult time, Susan Solomon has been thinking about starting her own independent gas station. Susan's problem is to decide how large her station should be. The annual returns will depend on both the size of the station and a number of marketing factors related to oil industry and demand for gasoline. After careful analysis, Susan developed the following table:
Size of Gasoline Station Good Market ($) Fair Market ($) Poor Market ($)Small $50,000 $20,000 -$10,000Medium $80,000 $30,000 -$20,000Large $100,000 $30,000 -$40,000Very Large $300,000 $25,000 -$160,000
a. Develop a decision table for this decision.b. What is the Maximax decision?c. What is the Maximin decision?d. What is the equally likely decision?e. What is the criterion of realism decision? Use a = 0.8.f. Develop an Opportunity Loss Tableg. What is the Minimax Regret Decision.
Engineer collegues requires applicants. Asssume that the average score was 498 with standard deviation of 77 . Assume that scores are normally disturbuted
The objective is to minimize the sum of the completion times of all the jobs. Provide an integer programming formulation for this problem.
Find the best unbiased point estimate for the population mean weight of the packages received by the parcel service.
A jeweler needs to mix an alloy with 14% gold content and an alloy with a 24% gold content to obtain 50 ounces of a new alloy with exactly 20% gold content. How many ounces of each of the original alloys must be used? [Round to the nearest tenth o..
Please show a detailed solution to this problem. Pleas show the curve and vectors together in a sketch. Find the unit vectors that are tangent and normal to the curve at the given point:
Determine what the Singleton bound, the sphere-packing bound and the Varshamor-Gilbert bound say about the maximum number of information bits that codewords with ten check bits can have if the codewords are protected from 3 or fewer errors.
Calculate the amount earned by a principal.
If the price of an item drops 10 cents per dozen, it becomes possible to buy 2 dozen more items for $6.00 than was possible at the original price. Find the original price.
From the matrix S who columns are the three vectors in your basis for E3, and compute J = (S^-1)AS. Notice that if you order the columns of S in the most logical way, J will be triangular.
Find the general solution for given trigonometric equation on the given interval.
In polar coordinates, write equations for the line x=1 and the circle of radius 2 centered at the origin. Write an integral in polar coordinates representing the area of the region to the right of x=1 and inside the circle
A certain population has a mean of 488 and a standard deviation of 31. Many samples of size 51 are randomly selected and the means calculated.
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