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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?
find the ratio of each of the following in simplest form 1] 9 months to 7 by 4
A publishing company is creating a book jacket for a newly published textbook. Determine the area of the book jacket, given that the front cover is 8 in wide by 11 in high, the bin
What do you need to multiply 30 by to get 1500? This will give you the top edge length of the rectangle. Can you then figure out what must go below the 30 in order to get the area
whta are the formulas needed for proving in trignometry .
At time t an investor shorts a $1 face value zero coupon bond that matures at time T = t and uses the entire proceeds to purchase a zero coupon bond that matures at time
Evaluate following indefinite integrals. (a) ∫ 5t 3 -10t -6 + 4 dt (b) ∫ dy Solution (a) ∫ 5t 3 -10t -6 + 4 dt There's not whole lot to do here other than u
Find the sum of (1 - 1/n ) + (1 - 2/n ) + (1 - 3/n ) ....... upto n terms. Ans: (1 - 1/n ) + (1 - 2/n ) - upto n terms ⇒[1+1+.......+n terms] - [ 1/n + 2/n +....+
What are some of the interestingmodern developments in cruise control systems that contrast with comparatively basic old systems
How do I solve step by step 7
how do we solve function evaluation f(x)
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