Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 15, Problem 20P
Summary Introduction

Interpretation:

An ambulance generally transports 1to 8 patients a day if the crew does not report any specific pattern then the expected number of patients the ambulance will transport.

Concept Introduction:

The expected value is nothing but the average weighted of all the possible outputs. The expected value is achieved by multiplying the value of each possible outcome by the probability of that output and the addition of the result.

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