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Question 24: NEED HELP ASAP PLEASE!!! work, James faces a dilemma. Should be build the plant? Should be build the pilot project and then a
Question 24: NEED HELP ASAP PLEASE!!!
work, James faces a dilemma. Should be build the plant? Should be build the pilot project and then a decision? Help James by analyzing this problem: Create a decision tree, using Tree Plan. What recommendation, based on expected value, would you give James? Daryll Miller, president of Seacresst Industries, is considering whether to build a manufacturing plant is the Ozarks. Her prospective revenues for the plant are summarized in the following table. Construct a decision tree using Tree Plan. Determine the best strategy, using expected value. What is the expected value of perfect information ( EVPI ) and how would it help Daryll make a decision? Jennifer Coggburn buys forms from two suppliers. Supplier A's overall nondefect rate is 90% ( i.e. 90% of the time no forms are defective, whereas 10% of the time there are defects ) . Supplies B's overall nondefect rate is 85% ( i.e., 85% of the time no forms are defective, whereas 15% of the time there are defects ) . The quality of the forms, when forms are defective from each of the suppliers is indicated in the following tableStep by Step Solution
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