Question

4. The management of a company is faced with the problem of choosing
one of the three products A, B, C for manufacturing. The demand for these
products can be good, moderate or poor. The probabilities of each state of
nature are estimated as follows:
Nature of demand
Previuct
Poor
Good
0.7
10.4
10.5
A
B.
С
Moderate
0.2
0.5
0.3
10.1
0.1
0.2
308
The estimated profit/loss under the three states of nature are given as
follows:
Product Profit in 10,000 Rs.
Good Moderate Poor
A
30
20
10
B
40
10
- 15
C
60
30
20
Using EMV criterion, advice the management the optimum decision.
​

Answer 1

Answer:

Square Root :

If x2 = y then we say that square root of y is x and we write √y = x

So, √4 = 2, √9 = 3, √36 = 6

Cube Root:

The cube root of a given number x is the number whose cube is x.

we can say the cube root of x by 3√x

√xy = √x * √y

√x/y = √x / √y = √x / √y x √y / √y = √xy / y.