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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?
Justin earned scores of 85, 92, and 95 on his science tests. What does he required to earn on his further science test to have an average (arithmetic mean) of 93%? To earn an a
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how i will paid?
If PA and PB are tangents to a circle from an outside point P, such that PA=10cm and ∠APB=60 o . Find the length of chord AB.
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construct of tangents a circle from an external point when its centre is not known
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