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HELP! Stuck on these 5 questions. help would be appreciated! Homework is due by tomorrow night! THANKS A TON!! I've attached the file QUESTION 1
HELP! Stuck on these 5 questions. help would be appreciated! Homework is due by tomorrow night! THANKS A TON!! I've attached the file
QUESTION 1 Refer to the pay-off matrix consisting of profit information below. Based on Aggressive strategy, the investment to be chosen is (mention the investment letter) and the corresponding best pay-off is (Mention the corresponding number as it appears in the pay-off table). Scenario Scenario B C 8000 10000 -2000 12000 -1000 3000 0 2000 5000 Scenario A Investment A Investment B Investment C QUESTION TWO Refer to the pay-off matrix consisting of profit information below. Calculate the Opportunity loss if you choose Investment B and Scenario C occurs. Scenario Scenario B C 5000 8000 -2000 7600 -1000 6500 0 2000 10500 Scenario A Investment A Investment B Investment C QUESTION THREE Refer to the pay-off matrix consisting of profit information below. Based on Average payoff strategy, the investment to be chosen is (mention the investment letter) and the corresponding average pay-off is decimals). Scenario Scenario B C 5000 8000 -2000 7600 -1000 6500 0 2000 10500 Scenario A Investment A Investment B Investment C (keep two 1. QUESTION 4 Which of the following statements are FALSE (choose all the false statements. Choosing True statements will incur negative marking) Finding the basic statistics (like mean), correlation, drawing pivot tables and charts are examples of descriptive models. We only input variables that we can control in our model. Variables that we cannot control cannot be part of a decision model. Models are simplified versions of a situation that we want to analyze/study. Regression model is an example of a probabilistic and descriptive model In the problem solving process, once we test the results, we can directly implement the solution. Sensitivity analysis helps us find the optimal solution QUESTION 5 Refer to the decision tree attached. The pay-offs are profit values under each scenario. The best decision is (type "A" for Invest and "B" for Do not Invest) and the expected pay-off is . QUESTION 1 Refer to the pay-off matrix consisting of profit information below. Based on Aggressive strategy, the investment to be chosen is (C) (mention the investment letter) and the corresponding best pay-off is 2000 (Mention the corresponding number as it appears in the pay-off table). Scenario Scenario B C 8000 10000 -2000 12000 -1000 3000 0 2000 5000 Scenario A Investment A Investment B Investment C QUESTION TWO Refer to the pay-off matrix consisting of profit information below. Calculate the Opportunity loss if you choose Investment B and Scenario C occurs.4000 Scenario Scenario B C 5000 8000 -2000 7600 -1000 6500 0 2000 10500 Scenario A Investment A Investment B Investment C QUESTION THREE Refer to the pay-off matrix consisting of profit information below. Based on Average payoff strategy, the investment to be chosen is A (mention the investment letter) and the corresponding average pay-off is 3000 (keep two decimals). Scenario Scenario B C 5000 8000 -2000 7600 -1000 6500 0 2000 10500 Scenario A Investment A Investment B Investment C 1. QUESTION 4 Which of the following statements are FALSE (choose all the false statements. Choosing True statements will incur negative marking) Finding the basic statistics (like mean), correlation, drawing pivot tables and charts are examples of descriptive models. We only input variables that we can control in our model. Variables that we cannot control cannot be part of a decision model. Models are simplified versions of a situation that we want to analyze/study. Regression model is an example of a probabilistic and descriptive model In the problem solving process, once we test the results, we can directly implement the solution. Sensitivity analysis helps us find the optimal solution QUESTION 5 Refer to the decision tree attached. The pay-offs are profit values under each scenario. The best decision is (A) (type "A" for Invest and "B" for Do not Invest) and the expected pay-off is (39,000). QUESTION 1 Refer to the pay-off matrix consisting of profit information below. Based on Aggressive strategy, the investment to be chosen is (C) (mention the investment letter) and the corresponding best pay-off is 2000 (Mention the corresponding number as it appears in the pay-off table). Scenario Scenario B C 8000 10000 -2000 12000 -1000 3000 0 2000 5000 Scenario A Investment A Investment B Investment C QUESTION TWO Refer to the pay-off matrix consisting of profit information below. Calculate the Opportunity loss if you choose Investment B and Scenario C occurs.4000 Scenario Scenario B C 5000 8000 -2000 7600 -1000 6500 0 2000 10500 Scenario A Investment A Investment B Investment C QUESTION THREE Refer to the pay-off matrix consisting of profit information below. Based on Average payoff strategy, the investment to be chosen is A (mention the investment letter) and the corresponding average pay-off is 3000 (keep two decimals). Scenario Scenario B C 5000 8000 -2000 7600 -1000 6500 0 2000 10500 Scenario A Investment A Investment B Investment C 1. QUESTION 4 Which of the following statements are FALSE (choose all the false statements. Choosing True statements will incur negative marking) Finding the basic statistics (like mean), correlation, drawing pivot tables and charts are examples of descriptive models. We only input variables that we can control in our model. Variables that we cannot control cannot be part of a decision model. Models are simplified versions of a situation that we want to analyze/study. Regression model is an example of a probabilistic and descriptive model In the problem solving process, once we test the results, we can directly implement the solution. Sensitivity analysis helps us find the optimal solution QUESTION 5 Refer to the decision tree attached. The pay-offs are profit values under each scenario. The best decision is (A) (type "A" for Invest and "B" for Do not Invest) and the expected pay-off is (39,000)Step by Step Solution
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