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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?
Sums and Differences of Cubes (and other odd powers)? You can factor a sum or difference of cubes using the formulas a 3 - b 3 = (a - b )(a 2 + ab + b 2 ) and a 3 + b 3 =
how to solve trignometric equations more easier?
how to solve questions based on higher differential equations
x
Linear Equations - Resolving and identifying linear first order differential equations. Separable Equations - Resolving and identifying separable first order differential
(a) An unordered pair fm; ng with 1 ≤ m ≠ n ≤ 6 is called a duad. List the 15 duads. (b) There are 15 ways to partition {1, ......, 6 } into 3 duads, such as { {1; 2}, {3, 4},
1. Consider the model Y t = β 0 + β 1 X t + ε t , where t = 1,..., n. If the errors ε t are not correlated, then the OLS estimates of β 0 and β
37x7= multiply answer it.
obtain the solution of y^4 +y=0
Connecticut state sales tax is 6%. Lucy purchases a picture frame in which costs $10.50 What is the Connecticut sales tax on this item? Find out 6% of $10.50 by multiplying $10
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