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
See projectiles are very simple unless you understand its core concepts....projectile is nothing just mixture of upward motion and horizontal motion....
THE KEY IS FORGET THE NAME PROJECTILE...ITS JUST HORIZONTAL MOTION + VERTICAL MOTION
Answer:
Professional education as a science has been defined as a field of educational science that studies the growth of a person into a profession and the related problems. It refers to organized education aimed at the knowledge and skills needed in the profession and working life, as well as growing into active citizenship and membership of society. Professional education as a discipline studies vocational training, skills and learning related to the profession and working life.
It enables young people and adults to pursue goal-oriented learning with the aim of acquiring and developing the necessary skills in the profession and creating the conditions for independent professional activity and continuous development in the profession.
I believe the answer is "When a neutral atom looses an electron to another neutral atom, two charged atoms are created."
