Question:
The operations manager for a well-drilling company must recommend whether to build a new facility, expand his existing one, or do nothing. He estimates that long-run profits (in $000) will vary with the amount of precipitation (rainfall) as follows:
Alternative Precipitation
Low Normal High
Do nothing -100 100 300
Expand 350 500 200
Build new 750 300 0
If he feels the chances of low, normal, and high precipitation are 30 percent, 20 percent, and 50 percent respectively, What is EVPI (Expected value of Perfect Information)?
A. $140,000
B. $170,000
C. $285,000
D. $305,000
E. $475,000
Answer:
D. $170,000
Explanation:
The expected long run profits are for
Low Normal High
Do nothing -100*0.3 100*0.2 300*0.5 = 140
Expand 350*0.3 500*0.2 200*0.5 = 305
Build new 750*0.3 300*0.2 0*0.5 = 285
Therefore the expected long run profits are
$140,000
$305,000
$285,000
Based on his selected option being either to build new or to expand, the most profitable option is to expand
=$305,000
EVPI = EPPI-EMV =$170,000
Answer:
0.82 mm
Explanation:
The formula for calculation an 
bright fringe from the central maxima is given as:
so for the distance of the second-order fringe when wavelength 
= 745-nm can be calculated as:
where;
n = 2
= 745-nm
D = 1.0 m
d = 0.54 mm
substituting the parameters in the above equation; we have:
= 0.00276 m
= 2.76 × 10 ⁻³ m
The distance of the second order fringe when the wavelength 
= 660-nm is as follows:
= 1.94 × 10 ⁻³ m
So, the distance apart the two fringe can now be calculated as:
= 2.76 × 10 ⁻³ m - 1.94 × 10 ⁻³ m
= 10 ⁻³ (2.76 - 1.94)
= 10 ⁻³ (0.82)
= 0.82 × 10 ⁻³ m
= 0.82 × 10 ⁻³ m 
= 0.82 mm
Thus, the distance apart the second-order fringes for these two wavelengths = 0.82 mm
<span>When two objects collide their momentum after the collision is explained by</span> the conservation of momentum
If you do this on Earth, then the acceleration of the falling object is 9.8 m/s^2 ... NO MATTER what it's mass is.
If its mass is 10 kg, then the force pulling it down is 98.1 Newtons. Most people call that the object's "weight".
Solar power differ to fossil fuel power in that solar power is a much more optimal resource than fossil fuels
- Solar power; however provides much more energy than fossil fuel power
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- Infact, solar energy is the most reliable
<h3>What is renewable energy?</h3>
Renewable energy simply refers to energy that is not depleted when used. An example of such is solar power.
So therefore, solar power differ to fossil fuel power in that solar power is a much more optimal resource than fossil fuels
Learn more about renewable energy:
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