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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?
In a frequency distribution mode is 7.88, mean is 8.32 find the median. (Ans: 8.17) Ans: Mode = 3 median - 2 mean 7.88 = 3 median - 2 x 8.32 7.88 +16.64 = 3 median
4 accounting majors, 2 economics majors and 3 marketing majors have an interview for5 different positions with a large company. Find the number of dfferent ways that 5 of these c
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What is Plotting Points ? How would you go about drawing the graph of y = x2 ? One way to do it is by plotting points. (Your graphing calculator uses this method.) This is
Draw the typical profile(s) of Shoppers'' Stop customers segments.
what is the answer
What is a two step equation that equals 8 ?
from 0->1: Int sqrt(1-x^2) Solution) I=∫sqrt(1-x 2 )dx = sqrt(1-x 2 )∫dx - ∫{(-2x)/2sqrt(1-x 2 )}∫dx ---->(INTEGRATION BY PARTS) = x√(1-x 2 ) - ∫-x 2 /√(1-x 2 ) Let
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