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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?
What is log3(x+1)
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A straight line AB on the side of a hill is inclined at 15.0° to the horizontal. The axis of a tunnel 486ft. long is inclined 28.6° below the horizontal lies in a vertical plane wi
approximate value is the precise or the accurate value which is measured to the actual value.., approximation is how close the measured value is to the actual value , for example
I am comparing building a house and buying a house. which one of the option you would choose.
Find out the product of 5.2 × 10 3 and 6.5 × 10 7 . Write your answer in scientific notation. To multiply numbers written within scienti?c notation, multiply the ?rst numbers
5a^2b^2-5ab(6)
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