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
Wendy brought $16 to the mall. She spent $6 on lunch. What percent of her money did she spend on lunch? Divide $6 by $16 to ?nd out the percent; $6 ÷ $16 = 0.375; 0.375 is equi
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
How a student of mathematics of b.sc can make an assignment on topic of asymptotes?
Price?
find the normalised differential of the following {1,x,x^3}
If tanx+secx=sqr rt 3, 0 Ans) sec 2 x=(√3-tanx) 2 1+tan 2 x=3+tan 2 x-2√3tanx 2√3tanx=2 tanx=1/√3 x=30degree
If α & ß are the zeroes of the polynomial 2x 2 - 4x + 5, then find the value of a.α 2 + ß 2 b. 1/ α + 1/ ß c. (α - ß) 2 d. 1/α 2 + 1/ß 2 e. α 3 + ß 3 (Ans:-1, 4/5 ,-6,
If tanA+sinA=m and tanA-sinA=n, show that m 2 -n 2 = 4√mn Ans: TanA + SinA = m TanA - SinA = n. m 2 -n 2 =4√mn . m 2 -n 2 = (TanA + SinA) 2 -(TanA - SinA) 2
what is a variable
Discuss the role research would play during your decision making
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