A businessman must decide whether to open a new mini grocery branch or sim- ply extend the number of hours of its operation on its existing branch with a pay- off of P150,000. According to his friend, demand at the new location can either be low or high, which the probabilities are estimated to be 35% and 65%, respec- tively. If a new branch is opened and demand proves to be high, the businessman may choose to operate 24 hrs (payoff is P350,000) or to operate 12 hrs (payoff is P200,000). If a new branch is opened and demand proves to be low, there is no need to operate on a 24-hr basis but instead, they will just stick to 12-hr opera- tion with a payoff of P100,000 or enhance marketing strategy through advertis- ing. Projected response to advertising may either be favorable or not favorable, with estimated probabilities of 40% and 60%, respectively. If demand is favor- able, the payoff grows to P310,000 and if the response is unfavorable, the payoff is P120,000. The cost of advertising is P45,000.

A businessman must decide whether to open a new mini grocery branch or sim- ply extend the number of hours of its operation on its existing branch with a pay- off of P150,000. According to his friend, demand at the new location can either be low or high, which the probabilities are estimated to be 35% and 65%, respec- tively. If a new branch is opened and demand proves to be high, the businessman may choose to operate 24 hrs (payoff is P350,000) or to operate 12 hrs (payoff is P200,000). If a new branch is opened and demand proves to be low, there is no need to operate on a 24-hr basis but instead, they will just stick to 12-hr opera- tion with a payoff of P100,000 or enhance marketing strategy through advertis- ing. Projected response to advertising may either be favorable or not favorable, with estimated probabilities of 40% and 60%, respectively. If demand is favor- able, the payoff grows to P310,000 and if the response is unfavorable, the payoff is P120,000. The cost of advertising is P45,000.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

How do I complete the Venn diagram?
Set your utility for $0 to be 0 and $1 million to be 100. Apply the simple decision tree used in determining your utility for money, where the lottery has a prize of $1 million if you win and $0 if you lose, to determine your utility for $500,000 and $200,000. Use these 4 utilities to draw your utility curve for money.
You want to study the car traffic on the road-map of London. Which type of network best represent the data? Select one: a. Bipartite b. Weighted C. Undirected d. Unweighted
Please do not give solution in image format thanku
Please answer all thoroughly and clearly Grade 12 Data Management
A retailer wants to see if a red "Sale" sign brings in more revenue than the same "Sale" sign in blue. The data below shows the revenue in thousands of dollars that was achieved for various days when the retailer decided to put the red "Sale" sign up and days when the retailer decided to put the blue "Sale" sign up. Red: 2.7, 2.6, 1.1, 4.2, 2.6, 3.4, 2.3, 2.9, 4, 2.6 Blue: 2.2, 1, 2.8, 1.6, 0.6, 0.9, 1, 1.7, 3.4 Assume that both populations follow a normal distribution. What can be concluded at the a = 0.01 level of significance level of significance? b. The test statistic t î = (please show your answer to 3 decimal places.) c. The p-value = (Please show your answer to 4 decimal places.)
It is usually a very hard procedure to determine which graph matches the data set. O True O False MacBook Air
A sports team has a three game road trip. Use the tree diagram to answer the question.
a) Which learning approach will fit here better? Explainb) Draw a learning graph using your own data split.c) Describe Overfitting and Underfitting using your learning graph.d) Randomly split the given data in train and test set and explain your splittinge) Does your model Overfit or Underfit? How you will remove it. Justify your answer.
Solve the problem. Use a tree to show the parent-child relationships in the following family. Ira has three children: Aaron, Jonathan, and Ellen. Aaron has one child: Thomas. Jonathan has one child: Birgit. Ellen has two children: Alex and Alan. Ire Ellen Jonathan Aaren Thomas Blrgh Alex Alan Jenathan Aaron Ellen Themas Birgk Alex Aan Ira Jenadhan Aaren Ellen Thamas Birgit AleH Alen Ire Asron Janathan D Ellon Thomes Birgh Alex Alan
A researcher is in how watching a really televison show featuring fashion models influences the eating behavior. The group og 30-13 years old girls selected participate in research study the group of 30-13 years old girl is an example of
Nine data encounters are to be assigned to three jobs requiring 2, 3, and 4 encoders, respectively. How many ways can the nine encoders be assigned to the three jobs?