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;
The above statement is true.
-A photograph is taken by letting light fall on a light-sensitive medium, which then records the image onto that medium.
Explanation;
-A photograph is created when light is allowed to fall on a light-sensitive medium. The pattern of light creates an image that is recorded by the photographic device. How light or dark a photograph is depends on how much light was allowed to fall on the light-sensitive medium.
-A camera is a light-tight box that contains a light-sensitive material or device and a way of letting in a desired amount of light at particular times to create an image on the light-sensitive material.
Answer:
Stretch can be obtained using the Elastic potential energy formula.
The expression to find the stretch (x) is 
Explanation:
Given:
Elastic potential energy (EPE) of the spring mass system and the spring constant (k) are given.
To find: Elongation in the spring (x).
We can find the elongation or stretch of the spring using the formula for Elastic Potential Energy (EPE).
The formula to find EPE is given as:
Rewriting the above expression in terms of 'x', we get:
Example:
If EPE = 100 J and spring constant, k = 2 N/m.
Elongation or stretch is given as:
Therefore, the stretch in the spring is 10 m.
So, stretch in the spring can be calculated using the formula for Elastic Potential Energy.
False, applied force is when a person or an object pushes on another object
