C 25:11. An educational entrepreneur is planning to run a computer course. He has narrowedköwh nis opisons to two courses : CUR and FUT. CUR is based on the existing software packages whereasFUT is based on new packages which are expected to storm the software market in the near future. Inconsultation with software specialists he has arrived at the following estimates :(i) Probability of getting a return of Rs. 5 crore is 0-6 for FUT and 0-2 with CUR.(ii) FUT's return could be as low as Rs. 40 lakh with a probability 0:4 and the correspondingprobability for CUR is 0-8.(iii) FUT will cost him Rs. 1 crore and CUR only Rs. 30 lakh.Using EMV obtain the optimum strategy.sts2700e aon90)

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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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Your insurance company has a policy to ensure personal property. Assume you have a laptop worth $2,400 and there's a 4% chance that the laptop will be lost or stolen during the next year. What would be a fair premium for the insurance? We are assuming that the insurance company earns no profit
Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
The owner of a dry cleaning business studied the number of dry-cleaned items that were returned for rework per day for a 4-week period (Mon-Sat). The results are given below. Complete (a) through (c). Time Items Returned Items Returned 1 6 Time 13 Items Returned 10 4 16- 2 10 12 Time AMANY 3 4 14 15 16 17 5 10 6 4 5 가더 24 5 9 6 10 18 9 7 5 19 20 10 10 a. Construct a c chart for the items per day that are returned for rework. Do you think that the process is in a state of statistical control? Choose the correct chart below. O A. O Items Returned B. 8 6 16- 0 9 8 21 5 Full data set 10 11 12 6 5 7 22 23 24 9 9 12 12 Time ² 24 O C. Items Returned 16- wwwww 12 Time 24
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In an article published in 2012 at Telegraph.co.uk, Warranty Direct gave engine failure rates for a variety of car brands based on their database of UK direct consumer warranties. The following are known: ● Hondas failed at a rate of 1 in 344. ● Fords failed at a rate of 1 in 80. ● Audis failed at a rate of 1 in 27. Suppose Hondas account for 20% of sales at a particular dealer, Audis 30%, and Fords 50%. Assuming the engine failure rates apply to these vehicles. Determine the probability that a randomly selected vehicle from this dealer will experience engine failure.
ogle.com/d/1NGOHXPHTvH8PLnxmRZFacGXUv00o4rY1EStn8YtOx41/viewer?f%=3 ch Media services/El.. EWhat's Going On in... G Bases housing U.S.. Digital Passport by.. hment 2 - 1.3 + 1.4 419 ackground Clear frame 1.3 2) How many 4 letter permutations can be formed from the letters in word rhombus? 3) A board of directors composed of eight people must select board officers. In how man president, vice president, and treasurer be selected from this 8-person board?
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