If the probabilities of d1, d2, and d3 are 0.2, 0.5, and 0.3, respectively, then what decision should be made under expected value?
Use the following table to answer the question(s) below.
s1 s2 s3
d1 250 750 500
d2 300 -250 1200
d3 500 500 600
Answer:
Ev(d1) = 575 (best)
Ev(d2) = 295
Ev(d3) = 530
You might also like to view...
Part of preparing for a job interview involves anticipating the questions that an interviewer will ask and rehearsing answers to each one
Indicate whether the statement is true or false.
Clarke Shop purchased supplies at a cost of $18,000 during 2015 . At January 1, 2015, the beginning balance in the supplies account was $1,000 . For 2015, supplies expense was $16,000 . How much "Supplies" are on hand as of December 31, 2015?
a. $ 1,000 b. $ 3,000 c. $16,000 d. $17,000
Have you ever been to Georgetown to visit your brother?
A) you; been B) you; have C) you; have been D) you; have ever been
Quantity discounts lead to
A) a significant buildup of cycle inventory in the supply chain. B) a slight buildup of cycle inventory in the supply chain. C) a decrease in cycle inventory in the supply chain. D) minor fluctuations of cycle inventory in the supply chain.