Question:
The operations manager for a well-drilling company must recommend whether to build a new facility, expand his existing one, or do nothing. He estimates that long-run profits (in $000) will vary with the amount of precipitation (rainfall) as follows:
Alternative Precipitation
Low Normal High
Do nothing -100 100 300
Expand 350 500 200
Build new 750 300 0
If he feels the chances of low, normal, and high precipitation are 30 percent, 20 percent, and 50 percent respectively, What is EVPI (Expected value of Perfect Information)?
A. $140,000
B. $170,000
C. $285,000
D. $305,000
E. $475,000
Answer:
D. $170,000
Explanation:
The expected long run profits are for
Low Normal High
Do nothing -100*0.3 100*0.2 300*0.5 = 140
Expand 350*0.3 500*0.2 200*0.5 = 305
Build new 750*0.3 300*0.2 0*0.5 = 285
Therefore the expected long run profits are
$140,000
$305,000
$285,000
Based on his selected option being either to build new or to expand, the most profitable option is to expand
=$305,000
EVPI = EPPI-EMV =$170,000
Answer:
C. The facial feedback theory
Explanation:
The facial feedback theory as postulated by William James and connects back to the famous Charles Darwin talks about how facial expressions stimulate our emotional state of being. Based on this theory, the emotional experiences we have are determined by the looks on our faces.
According to the question, smiling at an event makes you enjoy it is an example of what the The facial feedback theory is explaining. Furthermore, smiling, which is a facial expression causes or stimulates an emotional state of enjoyment in that event.
Answer: *The inner planet that has two moons is Mars * the only planet in the Solar System with clockwise rotation is Venus * The surface of Mercury is covered with ancient magma ( which is similar to the spews of volcanoes on Earth as well) * The planet that is closest to Earth is Mercury * Venus has more volcanoes than any other planet * Earth's moon formed when a(n) can sometimes be called the Big Splash or can be called the Theia impact (Luna the moon formed from the ejecta of the collision between the Proto- Earth and Mars sized planet) * Mars is called the red planet because it's soil contains the element iron oxide ( which is the compound that gives blood and rust hue)
Explanation: Hope this helped :)
Answer: Inertia!!
Explanation: I just completed the edg quiz and got that answer correct! Hope its not too late for you!
