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Play now? Play later? You can become a millionaire! That''s what the junk mail said. But then there was the fine print: If you act before midnight tonight, then here are you chances: 0.1% that you receive $1,000,000; 75% that you get nothing, otherwise you must PAY $5000. But wait, there''s more! If you don''t win the million AND you don''t have to pay on your first attempt then you can choose to play one more time. If you do, then we 20X your probability of winning big - yes, you will hava a 2% chance of receiving $100,000 and 60% chance of winning $7500, but must pay $10,000 otherwise. What is your expected outcome for attempting this venture? Solve this problem using a decision tree and clearly show all calculations and the expected value at each node. Answer these questions: 1) should you play at all? (5%) And if so, what is my expected (net) monitary value? (10%) 2) If you play and don''t win at all on the first try (but don''t lose money), should you try again? (5%) Why? (5%) 3) clearly show the decision tree (40%) and expected net monitary value at each node (25%)
What are the pros and cons of doing business in China? Why America outsource so much? Summarize doing business in China.
after hearing one member describe a problem to be addressed all members of a group first write down ideas and
From the results of the simulation, construct a frequency distribution of demand during lead time.
How many units should Emerson order for the coming holiday season?
illustrate what run size should be used for this job so which the expected number of good calsoy bars is 200 assuming the process is in control.
For each leader you choose, describe why these individuals are so successful and identify which theory or theories best exemplify their leadership style
There are 3 main components to the systems implementation process, which are, organizing the team, determining project scope and expectations and establishing a project plan.
How have globalization and information technology created new opportunities for entrepreneurs? Describe current demographic trends that suggest new goods and services for entrepreneurial businesses.
research a companys internal dynamics and the influence on business continuity along with cultural and structural
If the company produces 1,173 tables a year, which method provides a lower total cost? Process 1 Process 2.
Describe the focus and goals of Organizational Behavior (OB). Why is this important to understand? How can this knowledge impact your career?
Suppose you realize one day that you are dissatisfied with your job. What might you do to improve your situation? What are the basic differences between management and leadership?
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