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Author Question: A retailer is deciding how many of a certain product to stock. The historical probability ... (Read 115 times)

melly21297

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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.
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Marked as best answer by melly21297 on Dec 3, 2019

cswans24

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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.
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melly21297

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review

kalskdjl1212

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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