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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?
If X = {a, e, i, o, u} and Y = {a, b, c, d, e}, then what is Y - X ?
La proporción de empleados de una empresa que usan su auto para ir al trabajo es 5:16. Si hay un total de 800 empleados, diga la cantidad de autos que se espera que haya estacionad
Find the normalized differential equation which has {x, xex} as its fundamental set
I need to follow the pattern .125,.25,.375,.5, ?
Monotonic, Upper bound and lower bound Given any sequence {a n } we have the following terminology: 1. We call or denote the sequence increasing if a n n+1 for every n.
interestind topic in operation research for doing project for msc mathematics
Area with Parametric Equations In this section we will find out a formula for ascertaining the area under a parametric curve specified by the parametric equations, x = f (t)
20+20
what is answer ? + 5=10+5
Q. Draw Grouped Frequency Tables? Ans. Grouped frequency tables are often used when there are many different values. In these tables, the values are grouped into classes
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