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Lord Du Raq owns a crumbling castle in Scotland. The revenue from visitors is no longer sufficient to cover the upkeep of the property and he must decide what to do. A national heritage organization has offered to buy the property for £8m. Alternatively he could have a theme park constructed in the grounds. If this proves to be a success he will make a profit of £25m, but if it is not he will incur a loss of £5m. He estimates that the chance of success in the venture will be 0.6. He could start building the theme park right away, but a tourist authority contact has suggested that before he decides whether or not to build the park he should hire Baz Umney, an expert on leisure developments, to assess the prospects of the venture. Baz has a distinguished record, accurately predicting the success of similar ventures 70% of the time and accurately predicting the failure 80% of the time. Create a decision tree to model the situation Lord Du Raq faces and, using Bayes' rule, suggest what he should do.
Discuss three advantages and three disadvantages of natural biomaterials for medical devices. What is the most commonly used natural biomaterial? List three medical applications of the most commonly used natural material.
A delicate electronic instrument normally operates at 20? C with a signal-tonoise ratio of 100. If it is taken to the desert and operated at 40? C, by what percentage will its capacity be reduced?
Calculate the ratio of the network over the amount of heat absorbed at the high temperature of the cycle. How does this value compare to the theoretical efficiency of the Carnot cycle that is calculated based on the two operating temperatures?
What is the monetary value of the information from a consumer survey to the venture capital company in this case? (ie what is the maximum that they should spend on a consumer survey)?
Large blooms of algae result from high nutrient loading in rivers and lakes, for example, as a result of runoff of fertilizers from agricultural fields.
HEAT TRANSFER PROBLEM NO 17- An asbestos pad, square in cross section , measure 0.05 m on a side and increases linearly to 0.1 m on the other end ( see the figure given below.
A profit-producing property has an initial value of $50,000, a service life of 10 years and zero salvage and scrap value. By how much would annual profits before taxes be increased if a 5 percent sinking-fund method were used to determine deprecia..
A Rankine power plant using steam operates between pressures 60 bar and 1.013 bar. The turbine expands steam from 500 °C, 60 bar, to 1.013 bar. The liquid at the exit of the condenser is saturated. The efficiency of the turbine and of the pump is ..
Does the current through the battery increase, decrease, or remain the same? Justify your answer.
The overall reaction in a commercial heat pack can be represented as: 4Fe(s)+ 3O2(g) yields 2Fe2O3(s); delta H=1652 kJ a. How much heat is released when 4.00 mol iron is reacted with excess O2?
Per mole of methane, how much heat is lost from the furnace, and how much heat is transferred in the heat exchanger?
The mass transfer coefficients are HL=0.436 m and kGa=6.06x10-7kg mol/s m3Pa and are to be assumed constant in thetower for the given concentration range. Use equilibrium data from Appendix A.3. Bynumerical or graphical integration, determine NG. ..
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