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A manager is deciding wetheror not to build a small facility .demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is high,the payoff is R300 on the other hand, if the manager chooses a large facility and demand is low ,the payoff is R200 but if demand is high the payoff is R800. What would be the best decision based on the laplace criterion. What would also be the best decision based on Hurwicz's criterion of realism using a =0.6
According to the histogram, there are two possible values for the minimum number of hours of watching TV. What are they?
Generate 500 different random samples of n = 5 observations. Draw a sketch showing the shape of the histogram of sample means for random samples of n = 5.
rocky mountain tire center sells 9000 go-cart tires per year. the ordering cost for each order is 40 and the holding
Suppose that in a quality control study it was determined that for a perishable item the number X of defective follows a binomial distribution with n= 20 and p
in the game of keno if you make a 1 bet on a pair of numbers you have a 94 chance of losing and thus losing your one
a tool-crib with one attendant serves a group of 10 mechanics. mechanics work for an exponentially distributed amount
This question has to do with power. Suppose in a clinical study you have two groups with 10 subjcects in each group. No significance at the .05 level is found but there is a medium effect size, which is judged to be of practical significance. What sh..
Prove that the men's courtship algorithm terminates after at most (n - 1)2 + 1 stages.- Find preference relations under which the algorithm terminates after precisely (n - 1)2 + 1 stages.
What is the risk of having a heart attack for current smokers? What is the risk of having a heart attack for current non-smokers?
Is there evidence of a significant difference in the proportion who get their news primarily from newspapers between those 36 to 50 years old and those above 50 years old? (use α = 0.05)
The ages of the male beach volleyball players for the United States in the 2004 Olympics were 33, 32, 32, and 32. The ages of the female players were 26, 27, 34
Find the test statistic . Find the standardize test statistic. decide whether the standardize test statist is in the rejection region and decide whether you should reject or fail to reject the null. Sample are random and independent. Claim u1 =u2,..
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