Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Pharmgen Corporation is a pharmaceutical company developing a new drug to fight cancer. It recently discovered a rival company is just one year away from finishing its development in a similar drug which will take away some market share if released. Pharmgen identifies two possible scenarios. The first one, which has a probability of 0.30, is if its development finishes ahead of its rival. In this case Pharmgen estimates that its profit will be $100 million. The second one, which has a probability of 0.70, is if its development finishes after its rival does. In this case, Pharmgen estimates that its profit will be $30 million only.
Management in Pharmgen Corporation has come up with three possible decisions. The first one, the base case, is to leave things the way it is. The second one is to embark on an aggressive advertising campaign which would change the profit number in the two scenarios to $120 million and $15 million respectively (after all the costs are subtracted). The third decision is to sell its current development to the rival company. In this case the overall profit is $40 million in both scenarios.
What would be the best option based on the following criterion?
1. Maximax
2. Maximin
3. Minimax regret
4. Expected value
The question to address is: "What have you learned about statistics?" In developing your responses, consider - at a minimum - and discuss the application of each of the course elements in analyzing and making decisions about data (counts and/or me..
Neglecting atmospheric pressure, find the total force due to water pressure acting on a thin strip of the dam of height dy located at a depth y.
Describe a situation where it would be appropriate to use forecasting. Be sure to include all the necessary steps to develop the forecast and why you would use the forecast you chose. Please be thorough and provide enough detail.
Construct a graph showing supply and demand in the tablet case market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Problem: In the circuit of Figure P2 use KCL and KVL to find α such that the voltage across the 2 Ω resistors is 4 V.
Use the Euler's theorem and derive the relationship between the marginal rate of technical substitution and the marginal products of labor and capital for Cobb-Douglas production functions.
Use 4th order Runge-Kutta Method with step size h =0.2 and h =0.1 to find y(2) and sketch all the solutions on the interval [1, 2] with appropriate legend for comparison.
The 100% rule is used in decision modeling to determine whether or not a change in project constraints or variables will affect the outcome of a decision. Under the 100% rule, any combination changes can occur without a change in the solution, as ..
Develop a Research Question: In your area of interest, think about a research question that could be answered using a hypothesis test. Write down this research question, and explain what your research is trying to investigate.
The maximum size of a triangle packing in G is denoted ν(G), and the minimum size of a triangle cover in G is denoted τ (G).
Use the minimum/maximum regret method to determine the optimal location. Suppose the p(s1)=0.60, p(s2)=0.10 and p(s3)=0.30 Use the expected value method to determine the optimal location.
Find the dollar weighted (simple interest) yield rate and the time weighted yield of the account for this year.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd