Mathematics, 06.05.2021 22:20 fsugg9168
Mary is considering opening a new grocery store in town. She is evaluating three sites: downtown, the mall, and out at the busy traffic circle. Mary calculated the value of successful stores at these locations as follows: downtown, $250,000; the mall, $300,000; the circle, $400,000. Mary calculated the losses if unsuccessful to be $100,000 at either downtown or the mall and $200,000 at the circle. Mary figures her chance of success to be 50% downtown, 60% at the mall, and 75% at the traffic circle
Required:
a. Draw a decision tree for Mary and select her best alternative.
b. How much is the marketing research worth to Mary? Calculate the EVSI.
Answers: 1
Mathematics, 21.06.2019 22:10
Ellen makes and sells bookmarks. she graphs the number of bookmarks sold compared to the total money earned. why is the rate of change for the function graphed to the left?
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Mathematics, 22.06.2019 03:00
Which equation is graphed here? a) y = -3x + 3 b) y = -3x - 3 c) y = -1 3 x +3 d) y = -1 3 x -3
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Mathematics, 22.06.2019 03:30
Eric and shiloh each have a savings account. the ratio of eric’s account balance to shiloh’s account balance is 4: 3. together they have a total of $140 in their accounts. use the tape diagram below to you determine the balance of eric’s account.
Answers: 2
Mary is considering opening a new grocery store in town. She is evaluating three sites: downtown, th...
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