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A mortgage lender seeks to maximize the expected value of its portfolio. The portfolio, of course, is the sum of all of the mortgages in it, so no generality is lost by examining t
Consider a class of 55 students. The student names are placed in a hat & 3 names are randomly drawn without replacement. a) If the first person drawn was named the class presi
Q. Determine the probability of tossing a head? Let B represent the event of tossing a heads with the nickel in example 2. Find P(B). Solution: S = {(H, H), (H, T), (T, H
please help me in my assignment, explain Applications of Markov Chains in Business.
Kyra's weekly wages are $895. A Social Security tax of 7.51% and a State Disability Insurance of 1.2% are taken out of her wages. What is her weekly paycheck, assuming there are no
Calculate the Probability A bag contains 80 balls of such 20 are red, 25 are blue and 35 are white. A ball is picked at random what is the probability that the ball picked is
The Limit : In the earlier section we looked at some problems & in both problems we had a function (slope in the tangent problem case & average rate of change in the rate of chan
nature of operation research
what is the factor of the trinomial 2x2-7x-4
y=3x^2+12+11
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