Answer:
$ 74.23
Explanation:
We are given the following:
mean, μ = $ 104.50
standard deviation, σ = $ 23.62
Using the z-score table, we have
P(Z < z) = 10% (since we are evaluating lowest 10% of values)
hence P(Z < z) = 0.10
P(Z < -1.282 ) = 0.10
z = -1.282 (this evaluates to 0.1 on the z-score table)
Using z-score formula,
x = z *σ + μ
substituting the values,
x =- - 1.282 * 23.62 + 104.50
= 74.23
The most for the stock is $ 74.23
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Answer:
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Explanation:
If the market research survey is available for $10,000.
Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.
<u>Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision</u>
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Answer:
Contribution margin per unit= $7.5
Explanation:
Giving the following information:
Each radio sells for $23.75 and the variable cost per unit is $16.25.
The contribution margin is the difference between the selling price and the unitary variable cost:
Contribution margin= selling price - unitary variable cost
Contribution margin= 23.75 - 16.25
Contribution margin= $7.5
