2 Viral Outbreak Viral fragments have been detected in a local waste-water sample. Thevirus may turn out to be either highly infectious, moderately infectious or not infectious. Thegovernment must decide whether or not to place the local area into a two week lockdown.Without a lockdown the cost to the local economy is $800M (M=million) for a highly infectiousvirus, $150M for a moderately infectious virus, or $20M for a not infectious virus. Implementinga two week lockdown has a cost of $200M to the local economy in addition to $80M if the virus ishighly infectious, $10M if the virus is moderately infections, or $1M if the virus is not contagious.You are appointed as an adviser to the government on this decision.(a) Construct the payoff table for this decision.(b) Calculate the EMVS for the two decisions (“No Lockdown", "Lockdown") if the probabil-ities of highly, moderately and not infectious are 0.2, 0.45 and 0.35 respectively.(c) What would be a sensible objective in this scenario and, based on your calculations, whatdo you advise the government to do?

There are 3 possible outcomes of the virus being exposed: Highly infectious Moderately infectious…

Answered: V iral Outbreak V iral fragments have…

A First Course in Probability (10th Edition)

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...

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Candy Bar Weight, x Calories, yHershey’s Milk Chocolate®Nestle’s Crunch®Butterfinger®Baby Ruth®Almond Joy®Twix® (with caramel)Snickers®Heath® 44.2844.8461.3066.4547.3358.0061.1239.52 230230270280220280280210Source: Megan Pocius, student at Joliet Junior College(a) Draw a scatter diagram of the data, treating weight asthe independent variable.(b) What type of relation appears to exist between theweight of a candy bar and the number of calories?(c) Select two points and find a linear model that containsthe points.(d) Graph the line on the scatter diagram drawn inpart (a).(e) Use the linear model to predict the number of calories ina candy bar that weighs 62.3 grams.(f) Interpret the slope of the line found in part (c).
+ STATE per Course Schedule - Business Mat ge.brightspace.com/02/e/calendar/8203/event/13707/detailsview #13707 All the Best Class Questions 1. 0+3×3-32 + 10 2.3(6+4)²-5(17 - 20)² 3. Victoria Developments has obtained $3.6 million of total capital from three sources. Preferred shareholders contributed $550,000 (preferred equity), common shareholders contributed $1.2 million (common equity), and the remainder was borrowed (debt). What is the firm's ratio of debt to preferred equity to common equity? 4.0.025% of $200 is what amount? 5. A local hydro company uses smart meters to measure hydro consumption. Off- peak rates in the winter months apply from 7 p.m. to 7 a.m. mid-peak hours apply from 11 a.m. to 5 p.m., and on-peak hours apply from 7 am to 11 a.m. and again from 5 p.m. to 7 p.m. What percentage of the total daily hours is attributed to off- peak, mid-peak, and on-peak rates?
10
You manage a spare parts warehouse for an Electric Car Company. Dealers come by the warehouse to purchase batteries and you replenish your inventory at the start of every month or when the inventory of batteries is exhausted. At the start of December, the warehouse contains 10 batteries, 3 of which are not fully charged. You must reimburse $50 to a dealer if they need to charge a battery at their facility.
Johnson Controls' annual requirement for a part is 260,000 units. Other given information includes: Order cost: $120 per order Inventory holding rate: 12% Part cost: $2,500 per unit. What are the (a) EOQ and (b) annual total inventory cost? Please show the detailed steps of your calculation to get credit. You can either enter your answer in the text box or upload an image of your answer (on a paper) by clicking Insert Tab-Document-Upload Document.
An assembly line consists of 26 tasks grouped into 7 workstations. The sum of the 26 task times is 153 minutes. The largest assigned cycle time is 24 minutes. The efficiency of this line is O A. 85.00%. O B. 91.07% O C. 52.46% O D. 3.43% O E. 6.38%
9. After looking at this list, you are concerned that you may not be able to afford the food that you have chosen to provide enough protein for your diet. So you have decided to get the biggest bang for your buck by comparing the amount of protein for the price that you can buy the food for. The following 4 items were priced at Walmart on 1/2/2014. Also included is the serving per item and the protein for each serving for the product chosen. Make sure to show your work. Price per Protein (g) Food Item Bush Pinto Beans Jif Peanut Butter Bumblebee Canned Chicken Cherrios Cereal Price per item $0.84 $3.98 $2.38 $3.68 Servings per item 3.3 25 4 18 Protein (g) per serving 78 78 13g 3g of protein?
3. Scenario It is believed that large doses of acetaminophen (the active ingredient in over the counter pain relievers like Tylenol) may cause damage to the liver in nearly half of those tested. A researcher wants to conduct a study to estimate if the proportion of acetaminophen users who have liver damage is the same as previously reported. For participating in this study, he will pay each subject $20 and provide a free medical consultation if the patient has liver damage. Part A If he wants to limit the margin of error of his 98% conﬁdence interval to 2%, what is the minimum number of subjects he needs? (answer should be in the form of x,xxx) the minimum amount of money he needs to set aside to pay his subjects? $ (answer should be in the form of $xx,xxx) Part B The amount you calculated in Part A is substantially over his budget so he decides to use fewer subjects. Will this change increase or decrease the width of his conﬁdence interval? Will this new confidence interval be…
11. Suppose you make and sell skin lotion. A quart of regular skin lotion contains 2 c oil and 1 c cocoa butter. A quart of extra-rich skin lotion contains 1 c oil and 2 c cocoa butter. You will make a profit of $10/qt on regular lotion and a profit of $8/qt on extra-rich lotion. You have 24 c oil and 18 c cocoa butter. a. How many quarts of each type of lotion should you make to maximize your profit? b. What is the maximum profit?

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