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Kelly is contemplating on returning to graduate school to earn her MBA. She knows from experience, that she can get a well paying job after undergraduate school. The probability of getting a job with a salary of $20,000/year is 75% and a job with a salary of $30,000/year is 25%. However, if she chooses to attend and finish graduate school, her salary would likely increase. The probability of getting a job with a salary of $40,000/year is 75% and getting a job with a salary of $50,000/year is 25%. Knowing that tuition cost and years spent on schooling is not a concern to Kelly, should Kelly find a job or return to graduate school?
Find the best decision using the following:
A. Equal Likelihood
B. Minimax Regret
c. Create a sensitivity graph comparing the different alternatives as the probability of getting a job changes.
Dan has a newspaper stand where he sells papers for $0.50 each. The papers cost him $0.30 each, giving him a 20-cent profit on each one he sells. Assuming that Dan believes the cost of a lost sale is 10 cents and any unsold papers cost him $0.30, sim..
What impact does this organizational structure have on productivity, optimization of resources and profitability?
If you have a diverse customer base, it would seem logical that you have a diverse workforce who can better understand the customers which they serve. However, integrating the workforce has brought challenges to some organizations. Discuss at least 5..
Mention a marketing plan proposal for a company.
1.briefly list the essential components required for the effective practice of leadership in todays world.2.briefly
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Write a description of three important items, including their significance to stakeholders, that you learned from reading Ford Motors Company's 10-K for 2012.
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Old Oak Brewery, Inc., makes and sells alcholic beverages with labels that display a drawing of a squirrel making the gesture generally known as "giving the finger".
Explain your analysis and construct a hypothetical situation in which the losing party may have prevailed
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