Options for Q5 are with the question and there's a seperate picture for Q6's option
QUESTION 5 Should the Bubbly Business Cafe hire Dwite for his forecasting services in exchange for an endorsement? The Bubbly Business Cafe hire Dwite, because greater than should should not EPPI QUESTION 6 EVPI EVS! Imagine that. Instead of as EMV Should the Bubbly Busines zero fement for his consulting skills. Dwite requests that he be compensated half a million dollars for his forecasting services vite? The Bubbly Business Cafe hire Dwite, because the cost of hiring Dites than the value of the information by 5 million. The Bubbly Business Cafe should be willing to pay up to the for this information, which is equal to 5 million In the first blank, choose "should" or "should not in the second blank choose "larger or smaller In the third blank choose a number. In the fourth blank choose "EPPIPEVPI/EPSIEVSIVEMV In the fifth blank, choose a number Chick Sense and stone and the San Ale o In search Jollar will depreciate, the Bul orecasts thi should should not larger smaller EPPI EVPI EPSI ly Busines EVSI ness Caf EMV 0.05 0.20 0.30 0.50 0.70 3.80 tead of as 4.00 ly Busines 4.30 6.00 for his forecasting services hire Dwite, because sement for his consultings wite? ness Cafl hire Dwite, because the co ply Business Caf should be willing to pay up to the Remember Bubbly Business Cafe from previous homework? They are trying to decides should they open a second location, hire more people, or upgrade machines Depending on UFV increases the tuition or not, they would have different payoffs. There is 25% chance that UFV will increase the tuition. The pool table is as follows Probability 0.25 Tuition Increase -55 $3 51 Open 2nd location Hire more people Upgrade machines 0.75 Tuition Same $7 $0 $4 Seeing how the bubbly Business Cafe was struggling to make a decision, a BUS 404 student, Dwite Shroot offered to help if thellubbyflusiness Cale wundersen for consulting skills on Linke(Dundler Mifflin. Dwite knows that a majority of the Bubble business Cafes customers are international students whose finances depend on the strength of the Canadian dollar. Dwite will be able to provide the Bubbly Business Cafe with forecasts about whether the Canadian dollar wil appreciate (ABIO depreciate Ds) and since Dwite is a great salesman and forecanter, he has provided the Bubby Business of some additional information on the accuracy of his forecasts When UPV increases Onc) its tution. Dwite would have forecasted that the Canadian dollar depreciates low of the time When UPV keeps tuition the same, Dwite would have forecasted that the Canadian dollar appreciates 60 of the time AND Rated on the accuracy of Owite's forecasts, fill out the following font probability table. Fieport at answer to decoratie AS DS Total 3 6 Increase 1 Same A 5 Total QUESTION 5 Should the Bubbly Business Cafe hire Dwite for his forecasting services in exchange for an endorsement? The Bubbly Business Cafe hire Dwite, because greater than should should not EPPI QUESTION 6 EVPI EVS! Imagine that. Instead of as EMV Should the Bubbly Busines zero fement for his consulting skills. Dwite requests that he be compensated half a million dollars for his forecasting services vite? The Bubbly Business Cafe hire Dwite, because the cost of hiring Dites than the value of the information by 5 million. The Bubbly Business Cafe should be willing to pay up to the for this information, which is equal to 5 million In the first blank, choose "should" or "should not in the second blank choose "larger or smaller In the third blank choose a number. In the fourth blank choose "EPPIPEVPI/EPSIEVSIVEMV In the fifth blank, choose a number Chick Sense and stone and the San Ale o In search Jollar will depreciate, the Bul orecasts thi should should not larger smaller EPPI EVPI EPSI ly Busines EVSI ness Caf EMV 0.05 0.20 0.30 0.50 0.70 3.80 tead of as 4.00 ly Busines 4.30 6.00 for his forecasting services hire Dwite, because sement for his consultings wite? ness Cafl hire Dwite, because the co ply Business Caf should be willing to pay up to the Remember Bubbly Business Cafe from previous homework? They are trying to decides should they open a second location, hire more people, or upgrade machines Depending on UFV increases the tuition or not, they would have different payoffs. There is 25% chance that UFV will increase the tuition. The pool table is as follows Probability 0.25 Tuition Increase -55 $3 51 Open 2nd location Hire more people Upgrade machines 0.75 Tuition Same $7 $0 $4 Seeing how the bubbly Business Cafe was struggling to make a decision, a BUS 404 student, Dwite Shroot offered to help if thellubbyflusiness Cale wundersen for consulting skills on Linke(Dundler Mifflin. Dwite knows that a majority of the Bubble business Cafes customers are international students whose finances depend on the strength of the Canadian dollar. Dwite will be able to provide the Bubbly Business Cafe with forecasts about whether the Canadian dollar wil appreciate (ABIO depreciate Ds) and since Dwite is a great salesman and forecanter, he has provided the Bubby Business of some additional information on the accuracy of his forecasts When UPV increases Onc) its tution. Dwite would have forecasted that the Canadian dollar depreciates low of the time When UPV keeps tuition the same, Dwite would have forecasted that the Canadian dollar appreciates 60 of the time AND Rated on the accuracy of Owite's forecasts, fill out the following font probability table. Fieport at answer to decoratie AS DS Total 3 6 Increase 1 Same A 5 Total
