In many epidemics, the cumulative number of cases grows exponentially, at least over a limited time. A recent example is the spread of the Influenza A (HINI) virus, commonly called the
swine flu, which affected Mexico and the United States especially. On April 24, 2009, there were seven cumulative cases of swine flu in the United States reported to the World Health
Organization. Over the next two weeks, the cumulative number of cases in the United States increased by about 40% each day. If this growth rate had continued, what would have been the
cumulative number of cases in the United States reported 60 days after April 24? (Round your answer to the nearest whole number.)

Mobon oil company owns a lease that entitles it to explore for oil on a parcel of offshore land in california. since the lease is about to expire mobon must now decide whether to drill for oil at the site or to sell the lease to excel oil company, which has just offered mobon $50,000. mobon estimates it would cost $100,000 to drill at the site. if the well were dry, all this cost would be lost. if the well were successful, its value to mobon would depend on the extent of the oil discovered. for simplicity, mobon assumes there are only two types of successful wells: minor and major success. mobon estimates that a minor success would result in revenues of $200,000 in excess of the drilling cost, whereas a major success would result in revenue of $500,000 in excess of the drilling cost. mobon has assessed the following probabilities: if the well is dry then the probability is 0.7, if it is a minor success the probability is 0.2, and if it is a major success the probability is 0.1. a) construct an appropriate payoff matrix, b) using the maximax criterion, identify the optimal decision c) using the maximin criterion, identify the optimal decision d) using the minimax criterion, identify the optimal decision e) using the emv criterion, identify the optimal decision