Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 6.00

value of the survey

The product requires an investment of $500.

If the market demand is high, the product will have a payoff of $800. If the market demand is low, the product will have payoff of $340.

You do not know whether the market demand is high or low, but you know the probability that the market demand will be high is 75%, and that it will be low is 25%.

Given the above information, you calculate the NPV to be:

(0.75*800 + 0.25*340) - 500

Now, a market research organization offers to a survey to determine whether the demand will be high or low BEFORE you make the 500 investment.

What is the value of the survey to you? That is, the maximum amount you would be ready to pay to have the survey conducted?

(Your answer should be positive)

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 08:08 PM My Price 6.00

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