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If the probability of s4|F 0.60 and the probability of S1JU 0.30 0.40 what is the value at node 2. and the probabil...
5 pts If the probability of s1 is 40 what is the value at node 11 100 10 No Market 300 Research 400 11 200 O O O...
5 pts If the probability of s1 is 40 what is the value at node 11 100 10 No Market 300 Research 400 11 200 O O O
5 pts If the probability of s1 is 40 what is the value at node 11 100 10 No Market 300 Research 400 11 200 O O O
A management company must first decide whether to undertake a market research survey. If the mark...
A management company must first decide whether to undertake a market research survey. If the market research study is conducted, the outcome will either be favorable (F) or unfavorable (U). Assume there are only two decision alternatives, D1 and D2, and two states of nature, S1 and S2. The payoff table showing profit is as follows: State of Nature Decision Alternative S1 S2 D1 100 300 D2 400 200 How much will this company be willing to pay for this...
5. The Gorman Manufacturing Company decides to manufacture a component part at its Milan, Michiga...
5. The Gorman Manufacturing Company decides to manufacture a component part at its Milan, Michigan plant or purchase the component part from a supplier. The resulting profit is dependent upon the demand of the product. The following payoff table shows the projected profit (in thousands of dollars) State of Nature Low Demand Mediumm Demand High Demand Decision Alternative Manufacture, d1 -20 40 100 Purchase, d2 10 45 70 The state probabilities are as follows: P(s3) 0.30 P(%) 0.35, P(82)-0.35, and...
Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1 10 S2 P(S2) 250 No Research 1 PS1300 D2 S2 P(S2) 200 O 160...
Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1 10 S2 P(S2) 250 No Research 1 PS1300 D2 S2 P(S2) 200 O 160 O 260 O 180 O 320 O 240
Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1...
Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north...
Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north Texas. His decision is summarized in the following table: Alternatives Build large plant Build small plant Don't Build Market Probability Favorable Unfavorable Market Market $400,000 - $300,000 $100,000 - $10,000 $0 $0 0.30 0.70 FIGURE 1 Build Large F(0.30) 400 -90 -300 U(0.70) F(0.30) 100 Build Small 23 23 -10 U(0.70) F(0.30) 0 0 0 Don't Build U(0.70) F= Favorable, U = Unfavorable FIGURE...
Problem 1) Consider the data provided in Problem 1 of your Homework 1. Assume that the...
Problem 1) Consider the data provided in Problem 1 of your Homework 1. Assume that the probability of State of Nature 1 is 0.30 (Prob(SNI)-0.30), the probability of State of Nature 2 is 0.45 (Rrok(SN2)-0.45), and the probability of State of Nature 3 is 0.25 Prob (SN3)-0.25). What decision is made and what is the corresponding payoff when using the expected value approach? Problem 2) Consider the data provided in Problem 2 of your Homework 1. Assume that the probability...
A game of chance offers the following odds and payoffs. Each play of the game costs...
A game of chance offers the following odds and payoffs. Each play of the game costs $200, so the net profit per play is the payoff less $200. Probability 0.30 0.60 0.10 Payoff $600 200 Net Profit $400 0 -200 a-1. What is the expected cash payoff? (Round your answer to the nearest whole dollar amount.) a-2. What is the expected rate of return? (Enter your answer as a percent rounded to the nearest whole number.) b-1. What is the...
2. Assume you are faced with the following decision alternatives and two states of nature. The pr...
2. Assume you are faced with the following decision alternatives and two states of nature. The profit payoff table is shown below States of Nature Prob (S D1 D2 D3 S1 0.60 100 50 40 S2 0.40 20 50 80 Decision Alternatives a) Do you think undertaking a market research study, with a cost of 25, would be justified in this case? b) What should the probabilities of states 1 and 2 be that options D1 and D3 will have...
Question 20 FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the mar...
Question 20
FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the marginal cost of producing a flower as output increases from 100 to 2007 a. $0.25 b. $0.55 C. $25 d. $50 18. What is the total cost of producing 600 flowers? a. $220 b. $240 C. $250 d. $270 19. If the market equilibrium price of flowers is $0.40, what number of flowers will...
You plan to make an investment. given the following probability distribution of returns, what is the...
You plan to make an investment. given the following probability distribution of returns, what is the expected return on the investment ? if the standard deviation of the return is $77,460, what is the CV of the investment ? market condition probability profit $000' good 30% 300 normal 40% 200 bad 30% 100
5 pts If the probability of s1 is 40 what is the value at node 11 100 10 No Market 300 Research 400 11 200 O O O
5 pts If the probability of s1 is 40 what is the value at node 11 100 10 No Market 300 Research 400 11 200 O O O
5. The Gorman Manufacturing Company decides to manufacture a component part at its Milan, Michigan plant or purchase the component part from a supplier. The resulting profit is dependent upon the demand of the product. The following payoff table shows the projected profit (in thousands of dollars) State of Nature Low Demand Mediumm Demand High Demand Decision Alternative Manufacture, d1 -20 40 100 Purchase, d2 10 45 70 The state probabilities are as follows: P(s3) 0.30 P(%) 0.35, P(82)-0.35, and...
Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1 10 S2 P(S2) 250 No Research 1 PS1300 D2 S2 P(S2) 200 O 160 O 260 O 180 O 320 O 240
Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1...
Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north Texas. His decision is summarized in the following table: Alternatives Build large plant Build small plant Don't Build Market Probability Favorable Unfavorable Market Market $400,000 - $300,000 $100,000 - $10,000 $0 $0 0.30 0.70 FIGURE 1 Build Large F(0.30) 400 -90 -300 U(0.70) F(0.30) 100 Build Small 23 23 -10 U(0.70) F(0.30) 0 0 0 Don't Build U(0.70) F= Favorable, U = Unfavorable FIGURE...
Problem 1) Consider the data provided in Problem 1 of your Homework 1. Assume that the probability of State of Nature 1 is 0.30 (Prob(SNI)-0.30), the probability of State of Nature 2 is 0.45 (Rrok(SN2)-0.45), and the probability of State of Nature 3 is 0.25 Prob (SN3)-0.25). What decision is made and what is the corresponding payoff when using the expected value approach? Problem 2) Consider the data provided in Problem 2 of your Homework 1. Assume that the probability...
A game of chance offers the following odds and payoffs. Each play of the game costs $200, so the net profit per play is the payoff less $200. Probability 0.30 0.60 0.10 Payoff $600 200 Net Profit $400 0 -200 a-1. What is the expected cash payoff? (Round your answer to the nearest whole dollar amount.) a-2. What is the expected rate of return? (Enter your answer as a percent rounded to the nearest whole number.) b-1. What is the...
2. Assume you are faced with the following decision alternatives and two states of nature. The profit payoff table is shown below States of Nature Prob (S D1 D2 D3 S1 0.60 100 50 40 S2 0.40 20 50 80 Decision Alternatives a) Do you think undertaking a market research study, with a cost of 25, would be justified in this case? b) What should the probabilities of states 1 and 2 be that options D1 and D3 will have...
Question 20
FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the marginal cost of producing a flower as output increases from 100 to 2007 a. $0.25 b. $0.55 C. $25 d. $50 18. What is the total cost of producing 600 flowers? a. $220 b. $240 C. $250 d. $270 19. If the market equilibrium price of flowers is $0.40, what number of flowers will...
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