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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?
Two tangents TP and TQ are drawn to a circle with center O from an external point T.prove that angle PTQ=angle 2 OPQ
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Negative function : Several functions are not positive however. Consider the case of f (x ) =x 2 - 4 on [0,2]. If we utilizes n = 8 and the midpoints for the rectangle height w
There are a variety of strategies that people use for developing this ability. For instance, while adding 1821,695 and 250, a person could estimate it mentally i) by rounding of
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Critical Point Definition : We say that x = c is a critical point of function f(x) if f (c) exists & if either of the given are true. f ′ (c ) = 0 OR f ′ (c
Q. What is Factorial? A factorial is a number with a factorial sign, !, after it. 5! is read "five factorial." 3! is read "three factorial." The factorial of a natural
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