Question
11) Doing nothing would yield how much profit if favorable market conditions prevail according to the following decision if favorable create $20000 and if not
11) Doing nothing would yield how much profit if favorable market conditions prevail according to the following decision if favorable create $20000 and if not favorable had outcome of -$10000 , find
a. -$10,000
b. $5,000
c. $0
d. $20,000
12) There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $50,000, $25,000, and - $10,000 under these states of nature, respectively, what is the EMV of the factory?
a. $28,333.33
b. $21,666.67
c. $50,000
d. $25,000
Please please, I don't have enough time to help me
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