subject
Business, 17.02.2021 04:00 59279

Freeway Scenario. You begin with two choices: Take the freeway or take local roads to get to your destination. The local roads will be clear, but if you take the freeway, traffic will either be heavy or light. If traffic remains heavy at the half-way point, you can continue on the freeway, or get off and take local roads the rest of the way. Here again, the local roads will be clear the rest of the way, but traffic on the remaining portion of the freeway will be heavy or light. Your favorite outcome is when you take the freeway and traffic is light. Your second favorite outcome is to start the trip on local roads. Your third favorite outcome is to take the freeway the entire way, if traffic starts out heavy and then becomes light at the half-way point. Your fourth favorite outcome is if traffic starts out heavy, and then you switch to local roads at the half-way point. And your least favorite outcome is if you drive in heavy traffic on the freeway the entire way. 1. Refer to Freeway Scenario. Represent this environment as a decision tree. Use real numbers for outcomes that reflect the appropriate ordinal ranking. (3 points)

2. Refer to Freeway Scenario. Represent this environment as a decision matrix. Use real numbers for outcomes that reflect the appropriate ordinal ranking. (3 points)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:30
Following is stanley black & decker’s income statement for 2016 (in millions): stanley black & decker, inc. income statement for the year ended december 31, 2016 ($ millions) sales $11,406.9 cost of goods sold 7,139.7 gross profit $ 4,267.2 selling, general and administrative expenses 2,602.0 other operating expenses 268.2 operating income 1,397.0 interest and other nonoperating expenses 171.3 income before income tax 1,225.7 income tax expense 261.2 net income $ 964.5 compute stanley black & decker’s gross profit margin.
Answers: 1
question
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
Answers: 3
question
Business, 22.06.2019 19:00
Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline
Answers: 1
question
Business, 22.06.2019 23:50
Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?
Answers: 1
You know the right answer?
Freeway Scenario. You begin with two choices: Take the freeway or take local roads to get to your de...
Questions
question
Mathematics, 14.04.2020 19:31
Questions on the website: 13722367