Mathematics, 05.05.2020 17:25, rolo7105
A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $300. If the manager chooses a small facility and demand is high, the payoff is $100. On the other hand, if the manager chooses a large facility and demand is low, the payoff is -$200, but if demand is high, the payoff is $800.
(a) What would be the best decision based on the maximax criterion?
(b) What would be the best decision based on the maximin criterion?
(c) What would be the best decision based on the minimax regret?
Answers: 3
Mathematics, 21.06.2019 17:20, bsheepicornozj0gc
What is the reflection image of (5,-3) across the line y = -x?
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Mathematics, 21.06.2019 23:00, freebyyy7032
Unaware that 35% of the 10000 voters in his constituency support him, a politician decides to estimate his political strength. a sample of 200 voters shows that 40% support him. a. what is the population? b. what is the parameter of interest? state its value c. what is the statistics of the interest? state its value d. compare your answers in (b) and (c) is it surprising they are different? if the politician were to sample another 200 voters, which of the two numbers would most likely change? explain
Answers: 2
Mathematics, 22.06.2019 02:20, Amholloway13
Jenny invests $2,000 at an interest rate of 5%. the amount of money, me, in jenny's account after tyears can be represented using the equation ma-2000(1.05). if jenny would have invested the same amount of money at the same interest rate four years ago, the equation representing the amount of money mo. in her account would be represented using the equation! mg = 2000(105)*** which of the following is equivalent to mp? 2000(105) om- 1.05 2000(1.05) mo 1059 mp-2000(1.05) (105) mp - 2000(1.05) + (1.05)
Answers: 1
A manager is deciding whether or not to build a small facility. Demand is uncertain and can be eithe...
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