Dr Nick

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About Dr Nick

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Teaching Since: May 2017
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  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

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  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 12 Jun 2017 My Price 12.00

the Statistical Terms review sheet.

Assignment 2: Probability Analysis

A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility. The company has collected information on the payoffs. It now has to decide which option is the best using probability analysis, the decision tree model, and expected monetary value.

Options:

Determination of chance probability and respective payoffs:

Determination of Expected Value of each alternativeBuild Small: $16+$33=$49Build Large: $20+$42=$62

Click here for the Statistical Terms review sheet.

 

Answers

Dr Nick
(4)
Status NEW Posted 12 Jun 2017 12:06 PM My Price 12.00

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