Reference no: EM13705354
Need the sensitivity diagram and analysis for the nature of result for following question. I will include the example how it suppose to look like as result.
Jerry Smith is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trip with his friends, but he believes that any small business should be started only if there is a good chance of making a profit. Jerry can open a small shop, a large shop, or no shop at all. The profits will depend on the size of the shop and whether the market is favorable or unfavorable for his products. Because there will be a 5-year lease on the building that Jerry is thinking about using, he wants to make sure that he makes the correct decision. Jerry is also thinking about hiring his old marketing professor to conduct a marketing research study. If the study is conducted, the study could be favorable (i.e., producing a favorable market) or unfavorable (i.e., producing an unfavorable market).
Jerry Smith has done some analysis about the profitability of the bicycle shop. If Jerry build the large bicycle shop, he will earn $60,000 if the market is favorable, but he will lose $40,000 if the market is unfavorable. The small shop will return a $30,000 profit in a favorable market and a $10,000 loss in an unfavorable market. At the present time, he believes that there is 50-50 chance that the market will be favorable. His old marketing professor will charge $5,000 for the marketing researching. It is estimated that there is a 0.6 probability that the survey will be favorable. Furthermore, there is a 0.9 probability that the market will be favorable given a favorable outcome from the study. However, the marketing professor has warned Jerry that there is only a probability of 0.12 of a favorable market if the marketing research results are not favorable.
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Need the sensitivity diagram and analysis for the nature
: Jerry Smith is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trip with his friends, but he believes that any small business should be started only if there is a good chance of making a profit..
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Calculate change in free-energy associated with formation
: Calculate the change in free-energy associated with the formation of a critical spherical nucleus in pure liquid nickel that is 200 ºC under cooled. Properties of Nickel: Heat of Fusion 2660 J/cm3; Surface Energy 255x10-7 J/cm2 ; Freezing Temperatur..
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Meteorologist uses a pitot -static tube to measure the wind
: A meteorologist uses a pitot -static tube to measure the wind speed in a tornado. Based on the damage caused by the storm, the tornado is rated as EF5 on the enhanced Fujita Scale. This means that the wind speed is estimated to be in the range of 261..
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Need the sensitivity diagram and analysis for the nature
: Jerry Smith is thinking about opening a bicycle shop in his hometown. Jerry loves to take his own bike on 50-mile trip with his friends, but he believes that any small business should be started only if there is a good chance of making a profit..
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Four weights is to pass through the center of the raft
: Three children are standing on a 5×5-m raft. The weights of the children at Points A, B, and C are 375 N, 260 N, and 400 N, respectively. If a fourth child of weight 425 N climbs onto the raft, determine where she should stand if the other children r..
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Assume the convective heat transfer coefficient
: An electric motor draws a current of 10 amps with a voltage of 110 V. The output shaft develops a torque of 9.7 N*m, a rotational speed of 1000 rpm, and operates at a steady state.
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Exploits as a gunfighter and marshall of the frontier west
: The legend of Wyatt Earp lives on largely based on his exploits as a gunfighter and Marshall of the frontier West in the 1880s. The classic tales of the shootout at the O.K. Corral in Tombstone or his sawed-off shotgun duel with Curly Bill are..
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