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The Hurwiz method
Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and maximum pay off for every alternative and assigns them weights according to his degree of optimism or pessimism. The alternative that maximizes the sum of these weighted payoffs is then chosen
the sides of a right angle triangle are a,a+d,a+2d with a and d both positive.the ratio of a to d a)1:2 b)1:3 c)3:1 d)5:2 answer is (c) i.e. 3:1 Solution: Applying
16 raised to the power x eqaual to x raised to the power 2. find x
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Given the following decision tree, perform the tasks listed below 1. Simulate the route through the test market and produce results for twenty simulations, calculating the
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The winning team''s score in 21 high school basketball games was recorded. If the sample mean is 54.3 points and the sample standard deviation is 11.0 points, find the 90% confiden
Trace the curve (x/a)^3/2+(y/b)^2/3=1
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Maya says thafl for instance, to help the children of Class 2 construct the '5 times table', she uses their hands. Each child counts how many fingers on one hand, and then how ma
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