diue I die 1 Help OK Cancel Payoff Value 5000 0 Business Results Business venture succeeds Business venture fails Business venture succeeds Business venture fails Investment Choice Invest $2000 in Business Venture Invest $2000 in Business Venture Invest $2000 in Fixed Income Invest $2000 in Fixed Income 2200 2200 Investment Choice Payoff Help OK Cancel 1 Value Probability 2 Business Results Value when skipped Business venture succeeds Business venture fails . 3 5000 10.7 0.3 4 5 6 7 8 9 10 11 12 Investment Choice Payoff 13 14 Question 1 (1 point) Given the Influence Diagram developed in class (shown below), how would you modify it to indicate that the decision maker knows the results of the business outcome before making the decision? B D E Investment - 3500 2291.287847 2 Expected Value 3 Std. Deviation 4 Minimum 5 Maximum Business Outcome 0 5000 7 8 9 Business Decision Payoff 10 11 12 13 14 15 Question 2 (1 point) Given the Influence Diagram below, also discussed in Lecture 4a/b, make the change necessary to indicate that the decision maker knows the outcome of the uncertainty. What is the resultant Expected Monetary Value (EMV) when you've changed the influence Diagram to show that the decision maker knows the outcome of the uncertainty? B D E Investment Business Outcome 3500 2291.287847 0 5000 2 Expected Value 3 Std. Deviation 4 Minimum 5 Maximum 6 7 8 9 10 11 12 Business Decision 13 14 15 Payoff O $2,395 O $3.925 $4,160 O $4,950 O $3,500 diue I die 1 Help OK Cancel Payoff Value 5000 0 Business Results Business venture succeeds Business venture fails Business venture succeeds Business venture fails Investment Choice Invest $2000 in Business Venture Invest $2000 in Business Venture Invest $2000 in Fixed Income Invest $2000 in Fixed Income 2200 2200 Investment Choice Payoff Help OK Cancel 1 Value Probability 2 Business Results Value when skipped Business venture succeeds Business venture fails . 3 5000 10.7 0.3 4 5 6 7 8 9 10 11 12 Investment Choice Payoff 13 14 Question 1 (1 point) Given the Influence Diagram developed in class (shown below), how would you modify it to indicate that the decision maker knows the results of the business outcome before making the decision? B D E Investment - 3500 2291.287847 2 Expected Value 3 Std. Deviation 4 Minimum 5 Maximum Business Outcome 0 5000 7 8 9 Business Decision Payoff 10 11 12 13 14 15 Question 2 (1 point) Given the Influence Diagram below, also discussed in Lecture 4a/b, make the change necessary to indicate that the decision maker knows the outcome of the uncertainty. What is the resultant Expected Monetary Value (EMV) when you've changed the influence Diagram to show that the decision maker knows the outcome of the uncertainty? B D E Investment Business Outcome 3500 2291.287847 0 5000 2 Expected Value 3 Std. Deviation 4 Minimum 5 Maximum 6 7 8 9 10 11 12 Business Decision 13 14 15 Payoff O $2,395 O $3.925 $4,160 O $4,950 O $3,500
