If an innovation methodology is probabilistic and it yields profit equal to £10 m with probability 10% and profit equal to £20 m with probability 90%, then its expected profit is equal to: a. £18 m. b. £19 m. c. £21 m. d. £10 m.
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a. |
£18 m. |
|
b. |
£19 m. |
|
c. |
£21 m. |
|
d. |
£10 m. |
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- The prizes that can be one and a sweepstakes are listed below together with the chances of winning each one: $5900(1 chance in 8600); $2700(1 chance in 5000);$600(1 chance in 4800);$200(1chance in 2500). Find the expected value of the amount won for one entry if the cost of entering is 52 centsUsing the normal table or software, find the value of z that makes the following probabilities true. You might find it helpful to draw a picture to check your answers (a) P(Zz) =0.01 (e) P(Z|Y = 30 - 25X + error What is the expected value of Y when X is 0? Y = 10 + 13.57*X + error By how much does the expected value of Y change if X increases by 18.02 units? (Round your answer to two decimal places: ex: 123.45)It costs $1,000 to produce one pill and $1,002 to produce two pills. The incremental cost of a pill is $501. True or False?A rational student will continue to studying in a given study session until a) the total value of studying equals the total opportunity cost. b)the marginal value fo the last unit studied equals the total opportunity cost. c) the expected grade is an A d)the expected grade is B e) the expected grade is passingYour production line has recently been producing a serious defect. One of two possible processes, A and B, could be the culprit. From past experience you know that the probability that A is causing the problem is 0.8 but investigating A costs $100,000 while investigating B costs only $20,000. What are the expected error costs of shutting down process B first? Group of answer choices $80,000. $20,000. $16,000. $4,000. None of the above.Eng. Economic Q1. Would a dollar tomorrow be worth more to you today when interested is 20% or 10%?A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150−0.01 × Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing) = $50,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year? What is the unit price at this point of optimal demand?The business manager decides to access the latest macroeconomic predictions from the Bank of England. This provides him with the following probabilities: Recession (15%), Low Growth (30%), Medium Growth (35%), and High Growth (20%). Which option is preferred according to the expected monetary value (EMV) criterion? What attitude to risk does this represent?A risk-neutral firm produces chemical products, and its objective is to maximize expected profit. There is a risk that there will be an accident during the production process, and dangerous chemical products will be released into the ocean, polluting the water. To reduce the risk of an accident, the firm can choose Low or High investment in safety. Low Investment in Safety_ Cost for firm= $0 Probability of an Accident = 80% Probability of No Accident =20% High Investment in Safety Cost for firm= $150 Probability of an Accident = 20% Probability of No Accident = 80% The Government wants to reduce the risk of an accident, but the Government cannot observe the fir m's investment in safety. Therefore there is a moral hazard problem. However, the Government can observe whether an accident occurred or not. So the government decides to create a fine (penalty): if an accident occurs, the firm must pay a fine F to the Government. If an accident does not occurs, then the firm does not have to…P(A) = 0.2 P(B)= 0.3 Find P(A and B) when events are mutually exclusive.Can you show how Qsc is = 2Pc? Which is the answer for this.SEE MORE QUESTIONS