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
Multiply and divide by root2, then root2/root2(sinx+cosx) = root2(sinx/root2 + cosx/root2) = root2(sinx cos45+cosx sin45) = root2(sin(x+45))
1. A rectangular piece of cardboard measuring 26 inches by 42 inches is to be made into a box with an open top by cutting equal size squares from each comer and folding up the side
A graph G has 21 Edges, 3 vertices of degree 4 and other vertices are of degree 3. Find the number of vertices in G. Ans: It is specified that graph G has 21 edges, so total
the amount required to raise 25 lb of water 15 of
if you have 1/5 of a candy bar and 4 friends how much will they get
LARGE SAMPLES These are samples that have a sample size greater than 30(that is n>30) (a) Estimation of population mean Here we suppose that if we take a large sample
what''s
I need help on how to do real word problm with unit rates.
Wendy has 5 pairs of pants and 8 shirts. How many different combinations could she form with these items? Multiply the number of choices for each item to find out the number of
Three mixtures were prepared with very narrow molar mass distribution polyisoprene samples with molar masses of 8000, 25,000, and 100,000 as indicated below. (a) Equal numbers o
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