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!
Mickey Lawson is considering investing some money that he inherited. The following payoff table gives the profits that would be realized during the next year for each of three investment alternatives Mickey is considering: Investment Options Good Economy Poor Economy Stock market $80,000.00 $-20,000.00 Bonds $30,000.00 $20,000.00 CDs $23,000.00 $23,000.00 Probabiity .5 .5 a) Mickey has always been a very optimistic decision maker, Of the three types of Decision making Evnironments that are possible, what type of decision is Mickey facing? What decision criterion should he use? What alternative is best? b) Mickey's wife has a pessimistic attitude, if Mickey takes her attitude into consideration, What decision criterion should Mickey use? What alternative will he select? c) Mickey's son, Bob, can't decide if he is optimistic or pessimistic. Bob is a financial analyst, Mickey trusts Bob's judgment. Bob believes his coefficient of realism a, is .65 What decision criterion should Mickey now use? What alternative will he select? d) Mickey's daughter, Cindy, likes to use the average payoff to make her decisions on her financial affairs. What decision criterion should Cindy use? What alternative will she select? e) Develop an opportunity loss table for the investment problem that Mickey Lawson faces. If Mickey wanted to Minimize his maximum regret, what decision would he choose? f) If Mickey wanted to minimize the expected opportunity loss? What is the minimum EOL? g) What decision would maximize Mickey's expected profits? h) What is the maximum amount that should be paid for a perfect forecast of the economy? i) Considering all the decisions calculated above, what do you think Mickey should do
We-Are-There-To-Get-You Loan Company lends you $550 if you agree to pay $750 after 5 days. If you kept the money for a year on the same terms, how much will you owe at the end of the year? Assume the company compounds money on a 5-day basis and a ..
a room measures 16fy by 19 ft the ceiling is 9 ft above the floor a gallon of paint will cover 77.8 ft^2 how many gallons are needed to paint the room.
Use the given information to draw the graph of f(x) on an interval near the indicated point (x=3). If there is not enough information given, then state this fact.
A ball is thrown vertically upward from a height of 6 feet with an initial from a point of 60 feet per second. How high will the ball go?
Find the Riemann sum for the function f(x) = x^2 on the interval [-4, 2] where the constituent subintervals are [-4,-3], [-3, 0], [0, 2], and the evaluation points are at the left-hand endpoint of each subinterval. Your answer should be an integer..
A high school graduating class has 487 students. there are 171 more girls than boys.. How many boys are in the class?
When graphing, assume x = 0 represents the year 2006. What is the trend you observe in the gas prices from 2006 to 2009?
Explain what the index of a subgroup and a coset of a group are. Also, prove that if N is a subgroup of a group G such that [G: N] = 2, and if "a" and "b" are elements of G,
Use a diagram to list the sample space showing possible arrangements of heads and tails when four coins are tossed . Then use the sample space to find the probability that:
A bag contains 16 red marbles and 10 blue marbles. If two marbles are chosen at random, what is the probability of getting two red marbles?
Find the length of the sides parallel to the store and perpendicular that will maximize the total area of the outdoor enclosure.
what are the domain and the image of the absolute value function?
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