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2. (OC3)The XYZ Company must decide whether or not to If management does not introduce the new product, it will manufacture a new product If
2. (OC3)The XYZ Company must decide whether or not to If management does not introduce the new product, it will manufacture a new product If management manufactures the new product it will yield a profit of TL 1000 if sales are around 100 units, a profit of TL 200 if sales are around 50 units, or it will lose TL 2000 if sales are only around 1 unit suffer a loss of TL 400 for each sales quantities a. Construct a payoff table for this problem b. Construct a regret table for this problem. C Should managament introduce the product if the cmanagement: (1) is conservative; (2) is optimistic? d. An internal marketing research study has found Prob.(100 umits in sales) 1/3; Prob.(50 units in sales) = 1/2; Prob.(1 unit in sales) - 1/6. Should management introduce the new product? e. A consulting firm can perform a more comprehensive study and provide a perfect information for TL 275. Should management buy this study offered by consulting company? (50)
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