A company is considering producing some new Gameboy electronic games. Based on past records, management believes that there is a 70 percent chance that each of these will be successful and a 30 percent chance of failure
Market research may be used to revise these probabilities. In the past, the successful products were predicted to be successful based on market research 90 percent of the time. However, for products that failed, the market research predicted these would be successes 20 percent of the time. If market research is performed for a new product, what is the probability that the results indicate a successful market for the product and the product actually is successful?
A) 0.90
B) 0.54
C) 0.60
D) 0.63
E) None of the above
D
You might also like to view...
For many consumers, the pages near the back of magazines with dozens of very small black and white advertisements exceed their
A. channel capacity. B. threshold of awareness. C. decoding abilities. D. transmission limitations. E. noise limit.
A_________ consists of a public key plus a user ID of the key owner, with the whole block signed by a trusted third party which is typically a CA that is trusted by the user community
What will be an ideal response?
The amount of net working capital for Ideko in 2011 is closest to ________
Pro Forma Income Statement for Ideko, 2010-2015 Year 2010 2011 2012 2013 2014 2015 Income Statement ($ 000) 1 Sales 75,000 88,358 103,234 119,777 138,149 158,526 2 Cost of Goods Sold 3 Raw Materials (16,000) (18,665) (21,593) (24,808) (28,333) (32,193) 4 Direct Labor Costs (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 5 Gross Profit 41,000 48,071 55,883 64,498 73,982 84,407 6 Sales and Marketing (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) 7 Administrative (13,500) (13,254) (15,485) (16,769) (17,959) (20,608) 8 EBITDA 16,250 20,238 21,816 24,373 28,393 32,094 9 Depreciation (5,500) (5,450) (5,405) (6,865) (7,678) (7,710) 10 EBIT 10,750 14,788 16,411 17,508 20,715 24,383 11 Interest Expense (net) (75) (6,800) (6,800) (6,800) (7,820) (8,160) 12 Pretax Income 10,675 7,988 9,611 10,708 12,895 16,223 13 Income Tax (3,736) (2,796) (3,364) (3,748) (4,513) (5,678) 14 Net Income 6,939 5,193 6,247 6,960 8,382 10,545 Pro Forma Balance Sheet for Ideko, 2010-2015 Year 2010 2011 2012 2013 2014 2015 Balance Sheet ($ 000) Assets 1 Cash and Cash Equivalents 6,164 7,262 8,485 9,845 11,355 13,030 2 Accounts Receivable 18,493 14,525 16,970 19,689 22,709 26,059 3 Inventories 6,165 6,501 7,613 8,854 10,240 11,784 4 Total Current Assets 30,822 28,288 33,067 38,388 44,304 50,872 5 Property, Plant, and Equipment 49,500 49,050 48,645 61,781 69,102 69,392 6 Goodwill 72,332 72,332 72,332 72,332 72,332 72,332 7 Total Assets 152,654 149,670 154,044 172,501 185,738 192,597 Liabilities 8 Accounts Payable 4,654 5,532 6,648 7,879 9,110 10,448 9 Debt 100,000 100,000 100,000 115,000 120,000 120,000 10 Total Liabilities 104,654 105,532 106,648 122,879 129,110 130,448 Stockholders' Equity 11 Starting Stockholders' Equity 48,000 44,138 47,396 49,621 56,628 12 Net Income 5,193 6,247 6,960 8,382 10,545 13 Dividends (2,000) (9,055) (2,989) (4,735) (1,375) (5,024) 14 Capital Contributions 50,000 --- --- --- --- --- 15 Stockholders' Equity 48,000 44,138 47,396 49,621 56,628 62,149 16 Total Liabilities and Equity 152,654 149,670 154,044 172,501 185,738 192,597 A) $30,510 B) $22,750 C) $28,170 D) $35,195
The power of eminent domain allows the government to take private property for public use after paying just compensation.
Answer the following statement true (T) or false (F)