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!
Value of perfect information
This relates to the amount that we would pay for an item of information such would enable us to forecast the exact conditions of the market and act accordingly.
The EVPI or expected value of perfect information is the expected outcome along with perfect information minus the expected outcome with no perfect information namely the maximum EMV
Illustration
From above table and described that the probabilities are Boom 0.6, steady state 0.3 and recession 0.1 then
When situations of the market are; boom launch product C: profit = 16
When situations of the market are; steady state launch product B: profit = 6
When situations of the market are; recession launch product B: profit = 12
The expected profit along with perfect information will be
(16 x 0.6) + (6 x 0.3) + (12 x 0.1) = 12.6
Our expected profit choosing product C is 7
The maximum price that we would pay for perfect information is 12.6 - 7 = 5.6
can anyone explain me the concept of quadratic equation?
Marketing management,Analysis,planning and implementation
i need help in math
find the angel between the vectors 4i-2j+k and 2i-4j online answer
The angle of elevation of the top of a tower standing on a horizontal plane from a point A is α .After walking a distance d towards the foot of the tower the angle of elevation is
A man invest ?13500 partly in shares paying 6% at ?140 and partly in 5% at 125.If he is tolal income is 560, how much has he invested in each?
Let G be a group acting on a set X. The action is called faithful if for any g ≠ 1 ∈ G there exists an x ∈ X such that gx ≠ x. That is, only the identity fi xes everything. Prov
We know that 2 4 = 16 and also that 2 is referred to as the base, 4 as the index or power or the exponent. The same if expressed in terms of logarithms would be log 2
Standardizing a Random Variable If X is a random variable with E(X) = m and V(X) = s 2 , then Y = (X – m)/ s is a random variable with mean 0 and standard deviatio
dora and her family are driving to visit relatives for the holidays they travel 174 miles in 3 hours if they travel at a constant speed how many miles do they travel in one hourest
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd