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The owner of TMH Hospital wants to open a new facility in a certain area. He usually builds 25-, 50-, or 100-bed facilities, depending on whether anticipated demand is low, medium or high. On the basis of his past experience, the probabilities of low demand, Medium demand and high demand are estimated as 0.1, 0.4and 0.5 and the short-range payoffs in Rs are calculated as follows.
Demand Acts Build 25 bed Build 50 bed Build 100 bed
Low 30,000 -20,000 -40,000Medium 35,000 50,000 -10,000High 40,000 55,000 75,000
1) What would be the best decision?
2) What is the value of Expected Value of Perfect Information?
give me the derivation of external division of sectional formula using vectors
please help me in my assignment, explain Applications of Markov Chains in Business.
2sqrt73x
Now we need to move onto something called function notation. Function notation will be utilized heavily throughout most of remaining section and so it is important to understand i
Solution : We'll require the first and second derivative to do that. y'(x) = -3/2x -5/2 y''(x) = 15/4x -7/2 Plug these and also the funct
Given So calculate AB. Solution The new matrix will contain size 2 x 4. The entry in row 1 and column 1 of the new matrix will be determined by multiplying row 1 of
x>4
show that all primes except 2, are of the form 4n-1 or 4n+1
Q. How to Add Mixed Numbers? Ans. If you have to add mixed numbers, you might try this method first: First rewrite the mixed number as a whole number plus a fracti
Reason for why limits not existing : In the previous section we saw two limits that did not. We saw that did not exist since the function did not settle down to a sing
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