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Assume you are the owner of the blues Inc. complete question in the picture attached Assume you are the owner of The Blues Inc, an

Assume you are the owner of the blues Inc. complete question in the picture attached

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Assume you are the owner of The Blues Inc, an international manufacturer of electronic products, and you are contemplating introducing a new type of Blue Ray player. After considering the potential market share for the product, your accountant estimated that after the first year of the new product on the market, The Blues inc. may have a financial result ranging from a loss of AUD 280,000 to a profit of AUD 800,000. To take a decision in this situation, your utility function over the expected financial outcomes is 0.15. You need to perform the following: a) Define the level of the error, A, that corresponds to the range of the attribute (the financial result) and the expectations of the elicitation process. Determination of the final uncertainty interval of the selected o-quantile of utility and its suggested point estimate

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