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Dean Kuroff started a business of rehabbing old homes. Hhe recently purchased a circa-1800 Victorian mansion and converted it into a three-family residence. Recently, one of tenants complained that the refrigerator was not working properly. Dean's cash flow was not extensive, so he was not excited about purchasing a new refrigerator. He is considering two other options: purchase a used refrigerator or repair the current unit. He can purchase a new refrigerator for $400, and it will easily last 3 years. If he repairs the current one, he estimates a repair cost of $150, but he also believes that there is only a 30% chance that it will last a full 3 years and he will end up purchasing a new one anyway. If he buys a used refrigerator for $200, he estimates that there is a 0.6 probability that it will last three years. If it breaks down, he will still have the option of repairing it for $150 or buying a new one. Develop a decision tree for this situation and determine Dean's optimal strategy.
A medical facility does MRIs for sports injuries. Occasionally a test yields inconclusive results and must be repeated. Using the following sample data and n = 197.
Assignment on Ferrari inventory management What techniques does the company use for inventory
Discuss the role of the interview in candidates' perceptions of fairness in the selection process. What would you predict reactions to be if interviews were eliminated
Your broker recommends that you purchase Good Mills at $30. The stock pays a $3.20 annual dividend, which (like it’s per share earnings) is expected to grow annually at 8 percent. If you want to earn 15 percent on your funds, is this stock a good buy..
Describe the motivation process according to expectancy theory. Be sure to identify and describe the three core constructs and how they relate. Feel free also to draw a diagram if that would help in your explanations. Finally, explain how a manager’s..
Carefully read the following quote from Oprah Winfrey: ""Luck is a matter of preparation meeting opportunity."" What do you think the speaker was trying to say about the notions of luck and opportunity? Do you agree or disagree with the speaker? In a..
Illustrate what normal probability distribution with recommended order quantity. Fitness Shop is considering ordering a special model exercise machine.
Jan recently noticed that Paul has not been performing up to his normal standards. After talking with him, Jan found out that he is going through a bitter divorce. What kind of service did Jan refer Paul to? Employee wellness program (EWP) Divorce co..
How would you respond if someone told you that workers are only motivated by money? What are some motivations for work according to the Christian worldview?
Jeff wants to open a French Fry Store called Jeff’s French Fries. Jeff lives in State X. State X Food regulating board says that if Jeff does not Fry the potatoes at 500 degrees Jeff will make his customers sick and must be shut down. Jeff thinks he ..
Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers.
Why is environmental analysis important for an organization?
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