Decision-analysis course, After hearing about your

Decision-analysis course

Assignment Help Basic Statistics

Reference no: EM13981461

Over dinner, your father mentions that he is considering retiring from real-estate sales. He has found a small retail business for sale, which he is considering acquiring and run ning. There are so many issues to think about, however, that he has a difficult time keep ing them all straight. After hearing about your decision-analysis course, he asks you whether you have learned anything that might help him in his decision. What kinds of is sues are important in deciding whether to buy a retail business? Describe how he might use sensitivity analysis to explore the importance of these issues.

Reference no: EM13981461

Questions Cloud

Countries during both their debt crises and financial crises : What is the SAP (structural adjustment program)? What are the IMF-imposed "conditionalities"? Why did the IMF and World Bank imposed them upon Third World countries during both their debt crises and financial crises?

Brief on law vanderbilt vs dinardo case : Brief on law vanderbilt vs dinardo case. Write brief for about a 350 words

Problem regarding grower expected values : Compare the grower's expected values for the three alternatives he has, considering the various possible loss scenarios for the burners and the sprinklers. Which alternative would you suggest the grower take? Why?

Advertising fosters brand loyalty and decrease labor demand : When advertising fosters brand loyalty, critics claim that it. A key determinant of recent labor productivity has been. When a profit-maximizing firm makes a decision to employ a worker, that decision is based on. For a perfectly competitive firm to ..

Decision-analysis course : After hearing about your decision-analysis course, he asks you whether you have learned anything that might help him in his decision. What kinds of is sues are important in deciding whether to buy a retail business? Describe how he might use sensi..

An economic consulting firm has estimated : You compete with many firms offering similar products (monopolistic competition). An economic consulting firm has estimated the own-price elasticity for your most profitable product is -1.50. Your marginal cost is constant at $75 across most of your ..

Affirmative action programs or anti-discrimination policies : Some argue that the government doesn't need affirmative action programs or other anti-discrimination policies because the profit motive provides sufficient motivation to eliminate discrimination in employment. Explain why this might NOT happen i.e. w..

Identify the facts that establish those elements : With regard to location: 121 Apple Street, is Doe guilty of any crime(s)? If so, what crime(s)? If not, what elements are missing that, if present, would result in him being guilty? With regard to the elements that are present, identify the fac..

Characteristic of the transition and transversion mutations : Construct a dot-plot for the pair of sequences using the matrix methods and determine the best global alignment via trace-back using NW algorithm - Perform SW-algorithm based comparison between the two given sequences and elucidate the common regions..

User Account

All Pages