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AURORKA [14]
3 years ago
13

A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value

with no survey is $62,000. If the expected value of sample information is -$7,000, what is the expected monetary value with the survey
Business
1 answer:
KatRina [158]3 years ago
7 0

Answer:

$45,000

Explanation:

                                   market research survey

                         ↓                                                        ↓      

Value without the survey ⇒ $62,000          Value with survey = $62,000 -                                                                                                                      .                                                                        $10,000 = $52,000

                                                                  ↓                                       ↓      

                                                   value without                 value with info.

                                                   information = $52,000        = $52,000 -

                                                                                               $7,000 = $45,000

It is a little hard to show a decision tree because of the writing space and the format.

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Answer and Explanation:

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