TH-TW who young children. They were pyaad hai and there was one is the band to the back The brotheliocow The 12. The setup a productions of these cycles Each cycles for TnTot receive an order for 65 tricycles should Tri-Torfulfill the dirt Yes Question 30 You are given the following payoff lable in units of $000 for a decision analysis problem: Profit S1 S2 S3 A1 220 170 110 A2 200 180 150 prob. 0.6 0.3 0.1 What is the profit under the conservative approach? Warren Buffy is an enormously rich investor who has built his fortune using tremendous acumen. He currently has been offered 3 major investments and has to choose one. The following table shows the returns for each investment and the likelihood of the economy. The numbers are in millions of S. When answering, you may write 30 for 30 million Improving Stable Worsening Conservative Investment 30 5 -10 Speculative Investment 40 10 -30 Countercyclical Investme - 10 0 15 Prior Probability 0.1 0.5 0.4 What is the decision under the optimistic approach? 40 million (Speculative, Improving) (Conservative, Stable) (Conservative, Improving) Brenda Kelley runs a specialty ski clothing shop outside Boone, North California. She must place her order for ski parkas well in advance of ski season because the manufacturer produces them in the summer months. Brenda needs to determine whether to place a large, medium or small order for parkas. The number sold will depend largely on whether the area receives a heavy, normal or light amount of snow during the ski season The following table summarizes the payoffs (profits) Brenda expects to receive under each scenario What is the decision under Amount of Snow the conservative approach? Size of Order Heavy Normal Light LE 10 3 Medium 8 $ 6 Small 4 4 Payoffs in 51000 (Medium, Light) (Medium, Heavy) (Small, Heavy) (Large. Normal) TH-TW who young children. They were pyaad hai and there was one is the band to the back The brotheliocow The 12. The setup a productions of these cycles Each cycles for TnTot receive an order for 65 tricycles should Tri-Torfulfill the dirt Yes Question 30 You are given the following payoff lable in units of $000 for a decision analysis problem: Profit S1 S2 S3 A1 220 170 110 A2 200 180 150 prob. 0.6 0.3 0.1 What is the profit under the conservative approach? Warren Buffy is an enormously rich investor who has built his fortune using tremendous acumen. He currently has been offered 3 major investments and has to choose one. The following table shows the returns for each investment and the likelihood of the economy. The numbers are in millions of S. When answering, you may write 30 for 30 million Improving Stable Worsening Conservative Investment 30 5 -10 Speculative Investment 40 10 -30 Countercyclical Investme - 10 0 15 Prior Probability 0.1 0.5 0.4 What is the decision under the optimistic approach? 40 million (Speculative, Improving) (Conservative, Stable) (Conservative, Improving) Brenda Kelley runs a specialty ski clothing shop outside Boone, North California. She must place her order for ski parkas well in advance of ski season because the manufacturer produces them in the summer months. Brenda needs to determine whether to place a large, medium or small order for parkas. The number sold will depend largely on whether the area receives a heavy, normal or light amount of snow during the ski season The following table summarizes the payoffs (profits) Brenda expects to receive under each scenario What is the decision under Amount of Snow the conservative approach? Size of Order Heavy Normal Light LE 10 3 Medium 8 $ 6 Small 4 4 Payoffs in 51000 (Medium, Light) (Medium, Heavy) (Small, Heavy) (Large. Normal)
