QUESTION ONEThe Department of Health is in the process of choosing four hospitals that will act as COVID-19facilities. Below are the costs the DOH will incur in selecting this hospital.Alternative$1 = Emergency UseS2 = Ward Use50,00035,00035,00045,00045,00025,000Hospital D (HD)60,00045,00080,000a) Assuming the states of nature consist of Emergency Use (S1) and ICU use (S3) only, what will be theprobability Blank 1 in percentage that Emergency Use (S1) will always happen if it is acceptable forthem to select either Hospital A or Hospital D. Answer in figure and integer value only.Hospital A (HA)Hospital B_(HB)Hospital C_(HC)$3= ICU Use90,00055,00060,000b) It was found out that the probability of $1 is 45%, and the probability of S2 is 50%, what would be thedecision (Use HA, HB, HC, or HD) Blank 2 of DOH and how much is the expected expenses Blank 3to the health agency if hospital A provides 20% discount, hospital B gives 15% discount, and hospitalD offers a 25% discount. Hospital C does give discount because it is a government hospital.c) What will be the decision Blank 4 of DOH and how much will the cost Blank 5 if it will use theminimax regret criterion? Use HA, HB, Hc, or HD in answering decision. Answer in figure only.

The difference between the best decision's reward and all other decision payoffs is known as minimax…

QUESTION ONE The Department of Health is in the process of choosing four hospitals that will act as COVID-19 facilities. Below are the costs the DOH will incur in selecting this hospital. Alternative S1 = Emergency Use S2 = Ward Use S3 = ICU Use Hospital A (HA) 50,000 35,000 90,000 Hospital B (HB) 35,000 45,000 55,000 Hospital C (HC) 45,000 25,000 60,000 Hospital D (HD) 60,000 45,000 80,000 a) Assuming the states of nature consist of Emergency Use (S1) and ICU use (S3) only, what will be the probability Blank 1 in percentage that Emergency Use (S1) will always happen if it is acceptable for them to select either Hospital A or Hospital D. Answer in figure and integer value only. b) It was found out that the probability of S1 is 45%, and the probability of S2 is 50%, what would be the decision (Use HA, HB, HC, or HD) Blank 2 of DOH and how much is the expected expenses Blank 3 to the health agency if hospital A provides 20% discount, hospital B gives 15% discount, and hospital D offers a 25% discount. Hospital C does give discount because it is a government hospital. c) What will be the decision Blank 4 of DOH and how much will the cost Blank 5 if it will use the minimax regret criterion? Use HA, HB, Hc, or HD in answering decision. Answer in figure only.

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...