When three possibilities are equally likely and have payoffs of $3, $6, and $9. Then the expected value will be $6.
<u>What is Expected Value? </u>
Expected value refers to when you play the game it will tell you the probability or winning chance and amount to win.
Hence, in the above questions, there are equally likely possibilities.
So, in this case, the probability for each possibility is 1/3.
We can calculate the expected value (EV) as:
EV=((1/3) x $3) + ((1/3) x $6) + ((1/3) x $9)
=1 + 2 + 3
=$6
Therefore, the expected value will be $6 when three possibilities are equally likely and have payoffs of $3, $6, and $9.
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Answer:
Explanation:
Let x is number of books (x ≥0)
Let y is the number of DBA (y≥0)
Given that PB = $20 and PD = $40 and consumer has $200 per month, so we can form the inequalities:
200 ≥ 20x+ 40y
So we have a system of inequalities is:
Please have a look at the attached photo, the right triangle are possible solution for the system.
Hope it will find you well
Answer: Option (A)
Explanation:
Core competencies are referred to as a concept in management. These are known as or defined as the harmonized solution or combination of the multiple skills and resources that tends to distinguish an organization in the industry and the marketplace and thus are considered to be the foundation of the organizations competitiveness.
Answer:
594 units
Explanation:
We must apply the logistics growth model, since applying linear or exponential growth will result in numbers which are much higher than the total production capacity of this facility. When we use the logistics growth model, the growth rate decreases as the resource limit approaches.
f(x) = c / (1 + ae⁻ᵇˣ)
initial value = c / (1 + a) = 240
600 = 240 + 240a
360 = 240a
a = 1.5
b = growth rate = (360 - 240) / 240 = 0.5
x = 5
e = 2.71828
f(x) = 600 / [1 + [1.5 x (2.71828⁻⁵) = 600 / 1.010106954 = 593.9965 = 594 units