Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine step by step: The decision rule associated with the problem and the value assigned to said decision rule A computer company has decided to

Determine step by step: The decision rule associated with the problem and the value assigned to said decision rule
 

image text in transcribed

A computer company has decided to create and launch a new specific video surveillance software for companies in the security and surveillance sector of public buildings. After a time of study between the different departments of the company, it has been decided to launch one of the following programs: Basic program or Basic program +. The benefit that the computer company expects to obtain in the medium term will depend on the acceptance of the new product among companies specialized in the security and surveillance sector, which can be considered low, medium or high. Said benefit is reflected in monetary units in the following table: El: Low 3200 3800 A1: Basic program A2: Basic program + Acceptance of the new program E3: High 5400 4900 E2: Medium 3600 3900 Before deciding on the launch of one program or another, the company plans to request information from a consultancy on whether the evolution in the market of this type of program is favorable (X1), or unfavorable (X2). It is estimated that: P(X1/E1) =O'2, P(X2/E2) =0'7, P(X1/E3) =0' 7 Determine: The decision rule associated with the problem and the value assigned to said decision rule A computer company has decided to create and launch a new specific video surveillance software for companies in the security and surveillance sector of public buildings. After a time of study between the different departments of the company, it has been decided to launch one of the following programs: Basic program or Basic program +. The benefit that the computer company expects to obtain in the medium term will depend on the acceptance of the new product among companies specialized in the security and surveillance sector, which can be considered low, medium or high. Said benefit is reflected in monetary units in the following table: El: Low 3200 3800 A1: Basic program A2: Basic program + Acceptance of the new program E3: High 5400 4900 E2: Medium 3600 3900 Before deciding on the launch of one program or another, the company plans to request information from a consultancy on whether the evolution in the market of this type of program is favorable (X1), or unfavorable (X2). It is estimated that: P(X1/E1) =O'2, P(X2/E2) =0'7, P(X1/E3) =0' 7 Determine: The decision rule associated with the problem and the value assigned to said decision rule

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Auditing And Forensic Accounting

Authors: Tommie W Singleton, Aaron J Singleton, G Jack Bologna, Robert J Lindquist

4th Edition

ISBN: 047056413X, 9780470564134

More Books

Students also viewed these Accounting questions