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Explain the assignment model and how it facilitates in solving transportation problems. What benefits would be gained from using this model?
The different scenarios and their probabilities are An urn has 2 one dollar bills, one 5$ bill and one 10$ bill. A player draws one bill at a time with out replacing them until a ten dollar bill is drawn, then the game stops.
What is the probability that more than one machine is in the system? What is the probability that more than two are broken and waiting to be repaired or being serviced, as well as three and four machines?
Relationship between Standard error
Compute the derivative of the function using the difference quotient and find the equation of the line that is tangent to its curve for x=c
Write a function for your profits for each price you charge. This is done by multiplying (P-.5) times your function (y= -100x + 250). I.e. if your function is Cups Sold = 1000 - 100P, your profit function would be (P - .5)*(1000 - 100P).
What are some of the benefits of being able to find the expected value of a probability distribution? Give an example of how this could be used your advantage in a business setting
Kim has a strong first serve; whenever it is good (that is, in) she wins the point 73% of the time. Whenever her second serve is good, she wins the point 60% of the time. Seventy percent of her first serves and 70% of her second serves are good.
The concessions manager at our local college baseball game must decide whether to have the vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of overcast skies, and a 55% chance of sunshine, according to the weather ..
what is the annual interest rate or delinquent. what other penalties might you be subject to besides late fees? considering what you have found. is this card a good deal or not? explain your answe.
The company receives an order for 580 notepads, together with a check for $328. If the order fails to specify the number of each type, how should the company fill the order?
A decision maker who is considered to be a risk taker is faced with this set of probabilities and payoffs. Rank the decision alternatives onthe basis of expected value.
Of the first 90 customers, 44 selected chicken, 23 selected roast beef, 13 select steak, and 10 selected fish. Should the manager revise his estimates? Use = 0.01.
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