Answer:
$ 10.38 billion
Explanation:
Using six-tenths rule
Estimated cost / the known cost = (size of the estimate / size of the known)^0.6
Estimate = $ 12 billion ( 110000/140000)^ 0.6
Estimate = $ 10.38 billion
SLPS trade securities on their own behalf (not for someone else).
A surf board shop for example. If you lived in a place like Ohio you’re not gonna have very many sales because there’s no ocean or surf parks near by. But if you lived somewhere like California you’re sales would be much better.
Answer:
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Explanation:
If the market research survey is available for $10,000.
Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.
<u>Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision</u>
Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000