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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?
School run known to possess normal distribution with mean 440 sec & SD 60 sec. What is probability that randomly chosen boy can run this race in 302 sec.
Terry earns $680 per week. He is entitled to 4 weeks annual leave and receives an additional holiday loading of 17.5%. Calculate his total pay for this holiday period.
how to find
What is Multiplying Fractions ? The rule for multiplying fractions is to "multiply across": Multiply the numerators to get the numerator of the answer. Multiply the den
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?[1,99] x^5+2x^4+x^3+5x^2+6x+2÷x^2+2x
What percent of the figure below is shaded? Break the rectangle into eighths as shown below. The shaded part is 6/8 or 3/4 ; 3/4 is 75%.
The population of a city is observed as growing exponentially according to the function P(t) = P0 e kt , where the population doubled in the first 50 years. (a) Find k to three
The sum of the series 1+1/2+1/4+......is
In the earlier section we looked at first order differential equations. In this section we will move on to second order differential equations. Just as we did in the previous secti
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