Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
Modern Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Modern Electronics is considering building a new facility but the estimated profits would be impacted by the type of market that develops. The probability for a strong market is 0.1; for a fair market is 0.3; and for a poor market is 0.6. You are responsible for advising the president of Modern Electronics on the type facility that should be built or to not build a facility at all. The table shows the estimated profits under each market and for each size facility.
Explanation: You can use QM for Windows->Decision Analysis->Decision Table with the above information.
Estimated Profits
Strong Market
Fair Market
Poor Market
Build a large facility
550,000
150,000
-500,000
Build a medium-size facility
500,000
125,000
-150,000
Build a small facility
250,000
75,000
-25,000
Do not build a facility
0
0
0
1. What is your recommendation to the president based on expected value that maximizes profits (EMV)?
Answer:
Explanation (include expected monetary value):
Software Output:
2. Provide a second recommendation to the president that minimizes regret.
Answer:
Explanation (include expected monetary value):
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Finance ProfessorI will cover all the points which you have mentioned in your project details. |
$28 | Chat With Writer |
ONLINE |
Top Academic TutorHello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism |
$40 | Chat With Writer |
ONLINE |
Financial AnalystYou can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you! |
$50 | Chat With Writer |
ONLINE |
Writing FactoryI will cover all the points which you have mentioned in your project details. |
$46 | Chat With Writer |
ONLINE |
Top Grade EssayHello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism |
$46 | Chat With Writer |
ONLINE |
Financial AssignmentsI have read your project details. I can do this within your deadline. |
$37 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.