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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?
2/4t=1/2
Game Theory It is used to find out the optimum strategy in a competitive condition,While two or more competitors are engaged in making decisions, this may occupy conflict of in
multiply (1/2+1/2i) ten times
Suppose that, on a certain day, 495 passengers want to fly from Honolulu (HNL) to New York (JFK); 605 passengers want to fly from HNL to Los Angeles (LAX); and 1100 passengers want
How many 4 digit number lass than 6000 can be made with the digits 7,6,4 and 2 if digits are not repeated?
Sir, I am a Maths teacher from kolkata,India.i want to join your website as Maths'' expert.Please guide me as to how to join your website and earn some money. I will be really grat
sin(x)+cos(x)
Describe Multiplication of two vectors.
* 2^(1/2)*4^(1/8)*8^(1/16)*16^(1/32) =
Example Factorize x 2 - 4x + 4. If we substitute x = 1, the value of the expression will be (1) 2 - 4(1) + 4 = 1 If we substitute x = -1, the value o
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