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
A) no H30+ ions or OH- ions.
Answer:
false
Explanation:
sound travels slower than light. that is why we see lightning before we hear the thunder
Answer:
A or B you choose
Explanation:
This is called current electricity or an electric current. A lightning bolt is one example of an electric current, although it does not last very long. Electric currents are also involved in powering all the electrical appliances that you use, from washing machines to flashlights and from telephones to MP3 players.
what is an electrical current, amp, ampere Current is the flow of electrons. When a circuit is closed then a current of electrons can flow and when a circuit is open then no current can flow. We can measure the flow of electrons just like you can measure the flow of water through a pipe.
Answer:
The “terminal speed” of the ball bearing is 5.609 m/s
Explanation:
Radius of the steel ball R = 2.40 mm
Viscosity of honey η = 6.0 Pa/s
While calculating the terminal speed in liquids where density is high the stokes law is used for viscous force and buoyant force is taken into consideration for effective weight of the object. So the expression for terminal speed (Vt)
Substitute the given values to find "terminal speed"
The “terminal speed” of the ball bearing is 5.609 m/s