Question: Can you please help me with question 5 and 6 ? 11:00 if OAQQEHEQ 'gtg..|||100/ol The number of trains per day that arrive at a
Can you please help me with question 5 and 6 ?

11:00 if OAQQEHEQ 'gtg..|||100/ol The number of trains per day that arrive at a destination more than ten minutes late follows the following probability distribution. Number of 3 late trains Probability -0.20 0.25 The expected number of trains per day arriving more than ten minutes late is: 2.0 2.15 2.25 3.0 Que.o.6 om A company has to decide whether or not to continue with plans to run a conference next June in a hotel. If it decides to continue then it will either make a prot of $1 million or lose $0.8 million. It if decides to cancel it will either lose $0.2 million in compensation payments to participants or, if it is also sued by the hotel, lose a total of $0.6 million. According to the maximin criterion the company should: Estimate probability for the different payoffs before applying the criterion Continue with the event Be indifferent between continuing with the event of cancelling it Cancel the event
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