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
tracing of cardidods
f(x)=5x^-6 on the interval [1,infinity)
find middle term [2a-a2/4]9
a. Write an exponential function that could model the information in this graph. b. Describe a business, scientific (not mathematical), or economic situation for what thi
Calculate 50%
I need help on radical notation for a homework assignment I''m really confused on it. Can I get help?
Show that for odd positive integer to be a perfect square, it should be of the form 8k +1. Let a=2m+1 Ans: Squaring both sides we get a2 = 4m (m +1) + 1 ∴ product of two
Here, we have tried to present some of the different thinking and learning processes of preschool and primary school children, in the context of mathematics learning. We have speci
Properties 1. The domain of the logarithm function is (0, ∞ ) . In other terms, we can just plug positive numbers into a logarithm! We can't plug in zero or a negative numbe
differentiate x to the power 3
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