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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?
When the son will be as old as the father today their ages will add up to 126 years. When the father was old as the son is today, their ages add upto 38 years. Find their present
2.008
i dont know how to do it
Exponential and Geometric Model Exponential model y = ab x Take log of both sides log y = log a + log b x log y = log a + xlog b Assume log y = Y and log a
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Fenrir the wolf is bound by a magical chain. The chain is an endless piece madr up of 30 links.Originally forged by 6 pieces , each made up of 5 links. It costs 2 silver coins to c
find the sum of the following series upto n terms: 1*2+2*4+3*8+4*16+.....
In the given figure, ∠AEF=∠AFE and E is the mid-point of CA. Prove that BD/CD = BF/CE Ans: Draw CG ¦DF In ΔBDF CG ¦ DF ∴ BD/CD = BF/GF .............(1)
rajan bought an armchair for rs.2200 and sold it for rs.2420.find his profit per cent.
Q. Probability of Independent Events? Ans. Consider these two events: {My name is Shirley} {The rain is falling} Are these events related to each other? No. My name
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