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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?
A police academy is training 14 new recruits. Some are working dogs and others are police officers. There are 38 legs in all. How many of each type of recruits are there?
The area of a parallelogram is x 8 . If the base is x 4 , what is the height in terms of x? Since the area of a parallelogram is A = base times height, then the area divided by
The calculation of two complementary angles are in the ratio of 7:8. Determine the measure of the smallest angle. a. 84° b. 42° c. 48° d. 96° b. Two angles are compl
Noah is renewing a magazine subscription. one package offers to renew the magazine for 3 years for 26$. A second package offers to renew the magazine for 5 years for $38
There is a staircase as shown in figure connecting points A and B. Measurements of steps are marked in the figure. Find the straight distance between A and B. (Ans:10) A ns
Find all the local maximum and minimum values and saddle points of the function f(x, y) = x 2 - xy + y 2 + 9x - 6y + 10
limit x-a/|x-a| equals x-a [a]a [b]0 [c]-a [d]none 0f these
how do you convert ft to yds, yds to in,and etr
what is the ratio of sides of a right angle triangle which are in A.P
Direction Cosines This application of the dot product needs that we be in three dimensional (3D) space not like all the other applications we have looked at to this point.
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