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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?
Physical fitness association 1 mile run. It is known to have a normal distribution, mean 450 sec. SD 50 sec. How many in the top 10% fastest runners? Need to know what time they ha
Previous year's budget was 12.5 million dollars. This year's budget is 14.1 million dollars. How much did the budget increase? Last year's budget must be subtracted from this y
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
I need help with my calculus
5/7+5/14
Find no. of non negative integral solutions x 1 +x 2 +x 3 +4x 4 =20 Solution) 140. Break them into prime factors . Put 4 = 2^2 and every variable will have factors in 2,3,5 with
Series - Special Series In this part we are going to take a concise look at three special series. In fact, special may not be the correct term. All three have been named th
i need to work out the standard deviation of 21.4
no the parallel lines do not meet at infinity because the parallel lines never intersect each other even at infinity.if the intersect then it is called perpendicuar lines
Solve the inequation: |x|
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