The attraction will decrease. Hope I helped :)
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
Answer:
Yes
Explanation:
The speed of light when it travels through glass, diamond, etc, the light travels at different speed from the speed of light. Speed of the light in material is related to the index of refraction.
The change in speed which occurs when the light passes from one medium to the another is responsible for bending of the light which is called as refraction.
<u>When the light goes into a medium with the higher index of the refraction, light bends towards normal. Conversely, if the light traveling goes from higher refractive index to lower refractive index, it will bend away from the normal.
</u>
<u>Hence, the refraction is different in both the scenario.</u>
All fluids exert pressure like the air inside a tire. The particles of fluids are constantly moving in all directions at random. As the particles move, they keep bumping into each other and into anything else in their path. These collisions cause pressure, and the pressure is exerted equally in all directions.
