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The owner of TMH Hospital wants to open a new facility in a certain area. He usually builds 25-, 50-, or 100-bed facilities, depending on whether anticipated demand is low, medium or high. On the basis of his past experience, the probabilities of low demand, Medium demand and high demand are estimated as 0.1, 0.4and 0.5 and the short-range payoffs in Rs are calculated as follows.
Demand Acts Build 25 bed Build 50 bed Build 100 bed
Low 30,000 -20,000 -40,000Medium 35,000 50,000 -10,000High 40,000 55,000 75,000
1) What would be the best decision?
2) What is the value of Expected Value of Perfect Information?
Ratio of successes in 5 independent trials to the probability of successes in two independent trials is 1/4. What is the probability of 4 successes in 6 independent trials?
If Var(x) = 4, find Var (3x+8), where X is a random variable. Var (ax+b) = a 2 Var x Var (3x+8) = 3 2 Var x = 36
2.5 in\ \/
Mark intends to tile a kitchen floor, which is 9 by 11 ft. How many 6-inch tiles are required to tile the floor? a. 60 b. 99 c. 396 c. Since the tiles are calculated in
IF 7 AND 2 ARE TWO ROOTS OF THE EQUATION |X 3 7 2 X 2 7 6 X |=0 THEN FIND THE THIRD ROOT IS
Ionic solids, which have anionic vacancies because of metal excess defect develop colour. Illustrate with the help of a suitable example.
THE MULTIPLICATION ALGORITHM : Some Class 3 children in a nearby school had been taught the standard multiplication. Algorithm, and had even done reasonably well in the tests bas
3x2+5x-2
A jet flew at an average speed of 480mph from Point X to Point Y. Because of head winds, the jet averaged only 440mph on the return trip, and the return trip took 25 minutes longer
Example of Linear Equations: Solve the equation 2x + 9 = 3(x + 4). Solution: Step 1. Using Axiom 2, subtract 3x and 9 from both sides of the equation. 2x + 9 = 3(
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