Q: A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this…
A: A company invests in selling computers unit worth Php 32000 The probability of maintaining this…
Q: Suppose an asset has a return of $416 with probability of 85% and a return of $980 with probability…
A: We have combinations of retun and probabilities for a risk averse person.
Q: You are currently a worker earning $60,000 per year but are considering becoming an entrepreneur.…
A: Implicit cost is the amount of money a company must forego in order to employ variables that it does…
Q: Show your work. An MBA applies for a job in two firms X and Y. The probability of his being selected…
A:
Q: . A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and…
A: Normal distribution is the type of continuous probability distribution with mean and variance. Also…
Q: using 'standard Normal Table ' , calculate the following probabilities. 1. Pr(z 2.32) 3.pr(1.22…
A: The standard normal distribution (z distribution) is a normal distribution with a mean of 0 and a…
Q: the individual’s income is either OA = $30,000 with probability of 0.95 or OB= $5000, what is the…
A: It is the average income that can be earned by an individual.
Q: You are currently a worker earning $60,000 per year but are considering becoming an entrepreneur.…
A: Accounting profit is the entire earnings of a corporation calculated using widely accepted…
Q: You are currently a worker earning $60,000 per year but are considering becoming an entrepreneur.…
A: Given; Worker's earning per year= $60,000 Annual cost of labor= $150,000 Annual cost for rent=…
Q: n average a supermarket sells 500 litres of milk a day with a standard deviation of 50 litres. If…
A: Given: Mean = 500 Standard deviation = 50
Q: Suppose Eman has an 85% chance of passing each time he takes a quiz. What is the probability that he…
A: Probability of passing an exam = 85% Probability of failing the exam = 100 - 85 = 15%
Q: The probability that a management trainee will remain with a company is 0-60. The probability that…
A:
Q: A poker hand (5 cards) is drawn from an ordinary deck of 52 cards. Find the probability of each…
A: Total possible outcomes = 52 Number of ace = 4 Probability of 1 ace to come = Number of ace / total…
Q: Suppose that the First United Bank of America has two loans. Each is due to be repaid one period…
A: Credit enhancement is a method for strengthening a company's credit risk profile, generally in order…
Q: The probability that the next President will be a Democrat is 0.5, and the probability that the next…
A: Given that, The probability that the next President will be a Democrat is 0.5, and the probability…
Q: For the signaling game here, find all separating perfect Bayes–Nash equilibria.
A: In signalling games, a separating equilibrium is one sort of perfect Bayesian equilibria that can…
Q: The number of auto parts that a company produces follows a normal distribution. The company has two…
A: The normal distribution, also known as the Gaussian distribution, is a symmetrical probability…
Q: b) For a group of 300 cars the numbers, classified by colour and country of manufacture, are shown…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: 3. A salesman who frequently drives from Muscat to Sohar finds that his driving time is a random…
A: Given: Mean = 4.3 Standard deviation = 0.2
Q: 10. Calculate a joint probability given data: -Sample of 9000 firms. 6000 have CEO with Bachelor's…
A: Answer x=CEO has a Bachelor's Degree or a Ph. D related event =CEO with Bachelor's degree+CEO with…
Q: 7. Clive has 2 pairs of yellow socks, 3 pairs of red socks, 4 pairs of black socks and 6 pairs of…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Your employer, an insurance company, would like to offer theft insurance for renters. The policy…
A: We have, Probability of theft without security system = 0.05 Probability of theft with a security…
Q: Historical data indicates that only 35% of cable customers are willing to switch companies. If a…
A: A capable person able to switch i.e. P = 35% n = 12
Q: You work at a mechanic shop. 40% of cars that come in have a flat tire. If there are 5 cars in the…
A: Two events in the sample space would result in the binomial distribution. The two events would…
Q: Your employer, an insurance company, would like to offer theft insurance for renters. The policy…
A: As we answer three subparts and the question has more than 3 subparts, so we would be answering the…
Q: a. A company produces lightbulbs whose life follows a normal distribution, with mean 1200 hours and…
A: a. Given:- Mean=1200 hours Standard deviation=250 hours To calculate:- Probability that lifetime…
Q: Eric has a job at an electronics store in a mall. Eric doesn't like to work hard, and it costs him…
A: We are going to calculate Net gains in both states to answer this question correctly
Q: The probabilities of X, Y and Z becoming managers are 4/9, 2/9 and 1/3 respectively. The…
A:
Q: An author is trying to choose between two publishing companies that are competing for the marketing…
A:
Q: Sarah is looking to buy a new car! She goes to a new car dealership to shop for cars and is willing…
A: Market for Lemons It is a situation in the used car market where the sellers are assumed to be well…
Q: 6. Two copies of a contract were mailed to Los Angeles. One was sent Air Mail; the other First…
A: Given information:Probability of air mail letter arriving in 2 days is P (A) = 0.65 Probability…
Q: 1 Los Angeles averages 266.5 sunny days per year. What is probability that Boston has at least…
A: * SOLUTION :- (21) Based on the given information the calculation as follows.
Q: Q3/ The probability that a consumer will rate a new antipollution device for cars What are the…
A: In a Random Experiment, probability is the measure of the possibility that an event will occur.
Q: If probability of "Event A occurs" is 0.6, then probability of "Event A does not occur" is
A: Given below is the information: The probability of an event to occur = 0.6
Q: What is the insurance company's break even price for a one year theft insurance policy for an…
A: The break-even price: when an insurance company will neither be at loss nor at profit at the end…
Q: The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors…
A: x f(x) 0 0.001 1 0.007 2 0.034 3 0.099 4 0.188 5 6 0.22 7 0.136 8 0.055 9…
Q: 6 Company "X Star" supplies electronic devices. Probability of purchasing a defective device is 0.3.…
A: As there are fixed number of trials and probability of each and every trial is same and independent…
Q: Two coins are tossed 500 times, and we get: i) Two heads: 105 times ii) One head: 275 times iii)…
A: When we toss a coin the outcome would be either head or tail.
Q: An investor is to purchase one of three types of real estate, as illustrated in Figure below. The…
A: Since you have posted a question with multiple parts, we will answer the first two parts for you. If…
Q: A mutual fund company has 6 funds that invest in the U.S. market and 4 that invest in international…
A: It is given that : Company has 6 funds to be invested in US. Company has 4 funds to be invested in…
Q: Two factories mamufacture the Number of Defects same machine parts. Each part is classified as…
A: Answer is given in the picture:
Q: An investment of $10,000 generates a return of $4,000 in a bull market or a return of -$1,500 in a…
A: We have given that Return probability 4000 0.4 -1500 0.6
Q: A dealer decides to sell an antique automobile by means of an English auction with a reservation…
A: The expected revenue from selling car = 1/3(7200+3600) - 900 = 3600 - 900 = $2500 The price of $900…
Q: 5.100 Tossing a die. You are tossing a balanced die that has probability 1/6 of coming up 1 on each…
A: The probability of coming up 1 on each toss is (probability of success), p=1/6 The number of tosses…
Q: Avicenna is a major insurer that offers five-year life insurance policies to 65 year-olds. If the…
A: Company will pay $203620 or ($213000-$9380) with 4% chance and company will take $9380 with 96%…
Q: Early in August an undergraduate college discovers that it can accommodate a few extra students.…
A: The binomial distribution is used when there are only two outcomes and the probability of success is…
Q: Only question #1. Little stuck.
A: We have been given the variable - number of people living in a household (X) - and the corresponding…
Q: An individual has a utility function U(W) = VW , where W is the level of wealth. They have been…
A: Certainty equivalent is a certain amount of money that make use indifferent between getting money…
The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows:
| SIZE OF OUTLET |
DEMAND | |||||
| LOW | HIGH | |||||
| Small | $ | 1,000 | 1,000 | |||
| Medium | 500 | 2,500 | ||||
| Large | 0 | 3,000 | ||||
For what range of probability that demand will be high, will she decide to lease the medium facility?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A physician purchases a particular vaccine on Monday of each week. The vaccine diust be used within the week following, otherwise it becomes worthless. The vaccine costss $ 2 per dose and the physician charges $ .4 per dose. In the past 50 weeks, the physician has administered the vaccine in the following quantities : Doses per Week Number of Weeks 20 25 15 50 25 60 On the basis of EMV, find how many doses the physician must purchase each week to maximise his profits ?32. DETAILS Prompt 0/1 Submissions Used 2-D. What is the standard deviation (in whole minutes) for the above flight? O 6400 23 533 12 80 25 O 24 Submit Answer MY NOTES Quantas Airlines quotes a flight time of 20 hours, 15 minutes for its flight from New York (JFK), USA to Sydney (SYD), Australia. Suppose that the actual flight time is uniformly distributed between 19 hours 35 minutes and 20 hours 55 minutes. ASK YOUR TEACHERMany decision problems have the following simplestructure. A decision maker has two possible decisions, 1 and 2. If decision 1 is made, a sure cost of c isincurred. If decision 2 is made, there are two possibleoutcomes, with costs c1 and c2 and probabilities p and1 2 p. We assume that c1 , c , c2. The idea is thatdecision 1, the riskless decision, has a moderate cost,whereas decision 2, the risky decision, has a low costc1 or a high cost c2.a. Calculate the expected cost from the riskydecision.b. List as many scenarios as you can think of thathave this structure. (Here’s an example to get youstarted. Think of insurance, where you pay a surepremium to avoid a large possible loss.) For eachof these scenarios, indicate whether you wouldbase your decision on EMV or on expected utility
- Determine whether or not to stock a large supply of steel. There is uncertainty in the price of steel. Based on past history the following data are available Price (future) Prob (Price) PW if stocked PW if not stocked High 0.3 100000 0 Medium 0.5 -10000 0 Low 0.2 -50000 0 What is the probability that stocking steel will result in a negative present worth (PW)?An investment plan allows investors to deposit a minimum of £1,000 at the beginning of the term, which pays a fixed return rate of 5% per annum. Af- ter a year, investors have to deposit a minimum of £800 with an expected return rate of 3% per annum for the second year and a standard deviation of 2% per annum. a. Find the expected value of the total minimum amount earned after two years of investment. b. Find the standard deviation of the total minimum amount earned after two years of investment.You're the manager of global opportunities for a U.S. manufacturer that is considering expanding sales into Asia. Your ma the market potential in Malaysia, the Philippines, and Singapore as described in the following table: Success Level Big Mediocre Failure Malaysia Probability 0.5 0.3 0.2 Units 500,000 300,000 0 Philippines Probability 0.2 0.7 0.1 Units 1,400,000 700,000 0 Singapore Probability Units 0.3 0.3 0.4 1,200,000 384,000 0 The product sells for $10, and each unit has a constant marginal cost of $8. Assume that the (fixed) cost of entering the market (regardless of which market you select) is $250,000. In the following table, enter the expected number of units sold, and the expected profit, from entering each market. Market Malaysia Expected Number of Units Sold Expected Profit Philippines Singapore $ If you were to enter one of the previously described markets, which one would you enter in order to earn the highest expected profit?
- What would you expect the relationship to be between selling a high-risk product and a low-risk product using personal selling Low risk and high-risk are equally as likely OLOW-risk is more likely to be sold using personal selling O High-risk is less likely to be sold using personal selling O High-risk is more likely to be sold using personal selling5. Shift-in-charge Nazar Al Rushdy: Nazar is pessimistic about the market price. What is your guidance for Nazar? The decision to employ decision trees in crucial situations has been taken by Salem Al Harthi, the plant manager. The table below presents data on demand for a duration of 6 hours along with their respective probabilities. The first row of the table provides the probability of demand for the initial three hours when a leak occurs, denoted in parentheses. Subsequently, the following three rows indicate the probabilities of high, medium, and low demand for the succeeding three hours. To illustrate, if the initial 3-hour market price was low, the probabilities of high demand, medium demand, and low demand in the next three hours are 0.2, 0.3, and 0.5, respectively. Market price High Market price Medium Initial 3-hrs (0.2) Initial 3-hrs (0.5) Market price Low Initial 3-hrs (0.3) High demand (next (0.5) (0.4) (0.2) 3 hrs) Medium demand (0.3) (0.2) (0.3) (next 3 hours) Low demand…ponse SQUCOFFEE - Goo.. Google äazi SQU paga ic gaall Jija M POMG2710 You are a member of an advertising campaign for a new product in your 1 point company. In spite of your members' excitement, there are some uncertainties worrying you about the new product. You are hesitant to share your concerns because you do not want to disapprove the group's idea. Also, your supervisor seems to be among the excited members. Therefore, you decide to ignore your individual concerns and carry on along because you respect them and don't want to embarrass anyone by explaining your worries and presenting any questions. In addition, you don't want to spoil their happiness. This is called Groupthink Slander defamation O Free riders O Self-oriented roles
- When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 30 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1. 3 The gambler knows that the expected value of the $10 bet for a single number is - 53¢. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of 38 of making a net profit of $30 and a probability of losing $10. 35 38 a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $10 bet on the number 30 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $. (Round to the nearest cent as needed.) b. Since the expected value of the bet on the number 30 is C than the expected value for the bet that the outcome is 00, 0, or 1, the bet on is better.A gym membership charges their current members a monthly fee on the 1" of the month. Monthly churn rate (the probability of a member ending their membership) is 4%. Profit from the monthly membership fee is $10 per member; and the recruitment cost (advertising and promotions) for a new member are $200. What is the per member expected profit to the gym?The project manager of Good Public Relations gatheredthe data shown in Table 7.15 for a new advertisingcampaign.a. How long is the project likely to take? b. What is the probability that the project will take more than38 weeks?c. Consider the path A–E–G–H–J. What is the probability thatthis path will exceed 38 weeks?
