Q.6: A medicine manufacturing company is trying to choose between two pharmaceutical
companies that are competing in the market. First Company has offered the manufacturing
company Rs 10,000 plus Rs 2 per medicine sold. Second Company has offered the manufacturer
Rs 2,000 plus Rs 4 per medicine sold. The manufacturer believes that five levels of demand are
as follows: 1,000, 2,000, 5,000, 10,000 and 50,000. Compute the payoffs for each level of
demand for first company and second company. Construct a payoff Table, indicating the events
and alternative courses of action. Construct a decision tree. Construct an opportunity loss Table.
Answers
Answer:
standard deviation of 11 years. If a random sample of 36 people are taken from the
population of 1000 people. On the basis of this information can you claim that the sample
the sample
mean will be greater than 42. If yes then test your claim at 5% level of Significance.
mean will be greater than 42. If yes then test your claim at 5% level of Significance.(Table Value of 0.05 -0.1335)
mean will be greater than 42. If yes then test your claim at 5% level of Significance.(Table Value of 0.05 -0.1335)OR
mean will be greater than 42. If yes then test your claim at 5% level of Significance.(Table Value of 0.05 -0.1335)ORExplanation:
mean will be greater than 42. If yes then test your claim at 5% level of Significance.(Table Value of 0.05 -0.1335)ORExplanation:Rs 2,000 plus Rs 4 per medicine sold. The manufacturer believes that five levels of demand are
medicine sold. The manufacturer believes that five levels of demand are as follows: 1,000, 2,000, 5,000, 10,000 and 50,000. Compute the payoffs for each level of
Rs 2,000 plus Rs 4 per medicine sold. The manufacturer believes that five levels of demand are
Rs 2,000 plus Rs 4 per medicine sold. The manufacturer believes that five levels of demand are as follows: 1,000, 2,000, 5,000, 10,000 and 50,000. Compute the payoffs for each level of