This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A retailer is deciding how many of a certain product to stock. The historical probability ... (Read 140 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Dec 3, 2019

Question 1

What is the expected value of perfect information of the following decision table?


◦ 50
◦ 200
◦ 150
◦ 20
◦ 0

Question 2

A retailer is deciding how many of a certain product to stock. The historical probability distribution of sales for this product is 0 units, 0.2; 1 unit, 0.3; 2 units, 0.4, and 3 units, 0.1. The product costs $8 per unit and sells for $25 per unit. The conditional value for the decision alternative "Stock 3" and state of nature "Sell 1" is
◦ $-8 profit.
◦ $25 profit.
◦ 1.4 units.
◦ $1 profit.
◦ 25 units.
Operations Management (Canadian Edition) ¦ Heizer, Render, Griffin ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by melly21297 on Dec 3, 2019

cswans24

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


melly21297

  • Member
  • Posts: 565
Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Using Probability Calculations in Genetics Using Probability Calculations in Genetics
Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ... Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ...
Historical Life Expectancy Historical Life Expectancy
ODDS AND PROBABILITY PLEASE ANSWER ALL I DONT HAVE ENOUGH CREDITS ODDS AND PROBABILITY PLEASE ANSWER ALL I DONT HAVE ENOUGH CREDITS
Binomial-probability calculation of seed-color phenotype in six-seeded pods Binomial-probability calculation of seed-color phenotype in six-seeded pods
Video: Stages of Mitosis - Prophase, Prometaphase, Metaphase, Anaphase & Telophase

For a complete list of videos, visit our video library