Mathematics
Mathematics, 15.04.2020 02:07, rboehm59

Golf Smart sells a particular brand of driver for $200 each. During the next year, it estimates that it will sell 15, 25, 35, or 45 drivers with respective probabilities of 0.35, 0.25, 0.20, n 0.20. They can buy drivers only in lots of 10 from the manufacturer. Batches of 10, 20, 30, 40, and 50 drivers cost $160, $156, $148, $144, and $136 per driver, respectively. Each year, the manufacturer designs a new "hot" driver that depreciates the value of last year's driver. Consequently, at the end of every year, Golf Smart has a clearance sale and is able to sell any unsold drivers for 96 each. Assume that any customer who comes in during the year to buy a driver but is unable due to lack of inventory costs Golf Smart $24 in lost goodwill. Determine what decision should be made under each of the following criteria:

a. Expected value
b. Laplace
c. Maximin
d. Maximax
e. Minimax regret

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 14:40, chem1014
Asequence is defined recursively by the formula  f(n  +  1)  =  f(n)  +  3 . the first term of the sequence is  –4. what is the next term in the sequence? –7–117
Answers: 1
image
Mathematics, 21.06.2019 15:30, shikiaanthony
What is the value of y? round to the nearest tenth
Answers: 2
image
Mathematics, 21.06.2019 19:30, chellybean
If (17, 4) is an ordered pair of the inverse of f(x), which of the following is an ordered pair of the function f(x)? a. (17,4) b. (4.17) c. (4,0) d. 0,17)
Answers: 2
image
Mathematics, 21.06.2019 19:30, MagicDragon4734
Which of the points a(6, 2), b(0, 0), c(3, 2), d(βˆ’12, 8), e(βˆ’12, βˆ’8) belong to the graph of direct variation y= 2/3 x?
Answers: 2
Do you know the correct answer?
Golf Smart sells a particular brand of driver for $200 each. During the next year, it estimates that...

Questions in other subjects:

Konu
Chemistry, 16.09.2019 04:40