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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?
what is the formula fore life
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Whlie solving complex number 1pi in polar form.In book they have taken theta =-pi/4 why not 7pi/4 because the point lie in fourth quadrant and the theta is given by 2pi-angle(alpha
4+8/56.75
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Q. How to Convert decimals to fractions? Ans. Note: This tutorial covers only terminating decimals.
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