# Question: A truck driver has to deliver a load of lumber

A truck driver has to deliver a load of lumber to one of two construction sites, which are, respectively, 27 and 33 miles from the lumberyard, but he has misplaced the order telling him where the load of lumber should go. The two construction sites are 12 miles apart, and, to complicate matters, the telephone at the lumberyard is out of order. Where should he go first if he wants to minimize the distance he can expect to drive and he feels that

(a) The odds are 5 to 1 that the lumber should go to the construction site that is 33 miles from the lumberyard;

(b) The odds are 2 to 1 that the lumber should go to the construction site that is 33 miles from the lumberyard;

(c) The odds are 3 to 1 that the lumber should go to the construction site that is 33 miles from the lumberyard?

(a) The odds are 5 to 1 that the lumber should go to the construction site that is 33 miles from the lumberyard;

(b) The odds are 2 to 1 that the lumber should go to the construction site that is 33 miles from the lumberyard;

(c) The odds are 3 to 1 that the lumber should go to the construction site that is 33 miles from the lumberyard?

**View Solution:**## Answer to relevant Questions

Basing their decisions on pessimism as in Example 9.2, where should (a) Ms. Cooper of Exercise 9.12 make her reservation; (b) The truck driver of Exercise 9.13 go first? Example 9.2 With reference to Example 9.1, suppose ...Each of the following is the payoff matrix (the payments Player A makes to Player B) for a zero- sum two- person game. Eliminate all dominated strategies and determine the optimum strategy for each player as well as the ...A country has two airfields with installations worth $ 2,000,000 and $ 10,000,000, respectively, of which it can defend only one against an attack by its enemy. The enemy, on the other hand, can attack only one of these ...With reference to Example 9.10, for what values of Cw and Cd will Strategy 2 be preferred? Example 9.10 Suppose a manufacturer incurs warranty costs of Cw for every defective unit shipped and it costs Cd to detail an entire ...If X is a random variable having the binomial distribution with the parameters n and θ, show that n ∙ X/n ∙ (1 – X/n) is a biased estimator of the variance of X.Post your question