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:
the change of direction it's going
Answer:
g = 0.85 m
Explanation:
g = 
were; g is the acceleration due to Earth's gravity, G is Newton's gravitation constant (6.674 x 
N
), M is the mass of the earth (5.972 x 
kg), and h is the distance of meteoroid to the earth.
h = 3.40 x R
= 3.40 x 6371 km
h = 21661.4 km
= 21661400 m
Thus,
g = 
= 
= 0.84944
g = 0.85 m
The acceleration due to the Earth's gravitation is 0.85 m.
Answer:
yes !!
Explanation:
Magnets can be found in the simplest or most complex devices you use every day. From home appliances such as the refrigerator, microwave oven and electric fan, to your company's office equipment such as computers and printers. All these devices use magnets.
D garden salad : )
A heterogenous mixture can be easily taken apart visually/physically
