In the following exercises, graph the function then use a calculator or a computer program to evaluate the following left and right endpoint sums. Is the area under the curve between the left and right endpoint sums? 32. [T] L 50 and R 50 for y = tan ( x ) on the interval [ 0 , π 4 ]
In the following exercises, graph the function then use a calculator or a computer program to evaluate the following left and right endpoint sums. Is the area under the curve between the left and right endpoint sums? 32. [T] L 50 and R 50 for y = tan ( x ) on the interval [ 0 , π 4 ]
In the following exercises, graph the function then use a calculator or a computer program to evaluate the following left and right endpoint sums. Is the area under the curve between the left and right endpoint sums?
32. [T]
L
50
and
R
50
for
y
=
tan
(
x
)
on the interval
[
0
,
π
4
]
A television network earns an average of $14 million each season from a hit program and loses an average of $8 million each season on a program that turns out to be a flop. Of all programs picked up by this network in recent years, 25% turn out to be hits and 75% turn out to be flops. At a cost of C dollars, a market research firm will analyze a pilot episode of a prospective program and issue a report predicting whether the given program will end up being a hit. If the program is actually going to be a hit, there is a 75% chance that the market researchers will predict the program to be a hit. If the program is actually going to be a flop, there is only a 30% chance that the market researchers will predict the program to be a hit.
What is the maximum value of C that the network should be willing to pay the market research firm? Enter your answer in dollars, not in million dollars.
$ __________
Calculate EVPI for this decision problem. Enter your answer in dollars, not in million…