d. What is the probability that the project can be completed in 25 or fewer days

Question

d. What is the probability that the project can be completed in 25 or fewer days? 2. Dr. Mac, a surgeon, must decide what mode of treatment to use on Mr. Samuels. There are three modes of treatment: Mode A, B, and C; and three possible states of nature: 1. Treatment succeeds and patient leads a normal life, 2. Patient survives treament ut is mermaled dapatie to survive treatment. Dr. Mac has prepared the decision table below. What mode of treatment maximizes the expected value? Treatment Mode Outcome Normal Life Disability Non-Survival S1,000,000 $2,000,000 -S500,000 $3,000,000 S2,500,000 $500,000 S10,000,000 S5,000,000 S600,000 P(outcome) P(outcome)5 .3 Proutcome) A) Mode A B) Mode EB C) Mode C D) All three treatments are equally desirable. E) Normal Life

Explanation / Answer

option C is correct.......

Mode C treatment maximizes the expected value........

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