Treatment A die. The sixty percent who fully recover live another 10 years. The treatment only partially successful for 35% of the patier who live another 4 years. What is the expect value of Treatment A, expressed as additiona years of life?

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A: Given information, Current cost to the firm: $400,000 Expected profit in 3 years: $500,000 Interest…

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A: We have,

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Q: None

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Q: When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 30…

A: The probability for net profit of 30 is 3/38 The probability for lossing of 10 is 35/38

Q: True

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Q: Determine the EMV for the problem and identify the best decision.

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Q: Determine whether or not to stock a large supply of steel. There is uncertainty in the price of…

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Q: None

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Q: 1 Los Angeles averages  266.5 sunny days per year.     What is probability that Boston has at least…

A: * SOLUTION :-  (21)   Based on the given information the calculation as follows.

Q: An individual has 40,000 in income per year. The person will get sick with probability 0.1. If he…

A: Given, Income if person does not get sick = M = 40,000 Utility (M) = 200 Probability of getting sick…

Q: What is Bayes Rule? A) a rule that provides a mathematical way of probabilities as new information…

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Q: 2. An accident costs $1000 if it occurs. If neither party takes precaution, the chance of an…

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