Question

Question in the attachment!!​

Answer 1

Answer:

EOL and EMV can be calculated

to each

when probability is

states of nature.

Answer 2

Answer:

22.box

= Volume of the cube having edge 1 m Volume of cuboid having dimensions (1 2 x 0.05) m * (1 - 2 x 0.05) m x (1– 0.05)m

= (1 m)3 – (1– 0.1) × (1 – 0.1) × (1 – 0.05) m3

= 1 m3 – 0.9 x 0.9 x 0.95 m3

= 1 m3 – 0.7695 m3

= 0.2305 m3

Rate of wood = Rs 9600/m3

.. Cost of making the box

= Rate of wood x Volume of wood required to make the box

= Rs 9600/m3 x 0.2305 m3

= Rs 2212.8

Thus, the cost of making the box is Rs 2212.80.