Answer:
If she uses the Laplace criterion, the number of new examiners she will decide to hire is:
c. three
Step-by-step explanation:
a) Data:
Number of Compliance
examiners Low Normal High
One 50 50 50
Two 100 60 20
Three 150 70 -10
b) Outcome Calculations:
Number of Compliance
examiners Low Normal High
One 16.65 (50 *.333) 16.65 (50 *.333) 16.65 (50 *.333) = 50
Two 33.3 (100 *.333) 19.98 (60 *.333) 6.66 (20 *.333) = 60
Three 49.95 (150 *.333) 23.31 (70 *.333) -3.33 (-10 *.333) = 70
c) Decision:
Three has the highest payoff condition and is selected.
d) The Laplace criterion assumes that each compliance state is equally likely to happen. Therefore, it assigns the same weight to each state of compliance. Since there are three states of compliance, we shall assign each state a weight of 0.333. The number of examiners that have the highest payoff condition is three, and therefore, the number "three" is selected.
Answer:
$160
Step-by-step explanation:
In the monthly payment option she would pay $80 per month, therefore in a year (12 months) she would pay:
$80*12 = $960
We can see that this amount is greater than the $800 she would pay in the lump sum payment option.
The money she would save is:
$960 - $800 = $160
She would save<u> $160 yearly</u> with the lump sum payment option.
Answer:
Step-by-step explanation:
Subtract 4 by 2.5 which is 1.5
Divide 4 by 2.5 which is 1.6
Im not sure if you have to divide or subtract so...
Is there more information? Because it’s impossible to tell without an average size for the items
