User Account

All Pages

Probability of a growing economy

Assignment Help Business Management
Reference no: EM131103961

A firm is considering their pricing strategy. The firm wants to charge a price of $5 or $10. The number of units sold depends on the state of the economy. If the economy is growing, the firm believes it will sell 998 units when it charges $5, and the firm believes it will sell 578 units when it charges $10. If there is a recession, the firm will sell 985 units at a price of $5 and they will sell 371 units if they charge $10. The firm believes the probability of a growing economy is 0.66. The firm may set the price after they know the state of the economy. What is the expected value? Round your answer to one decimal.

Reference no: EM131103961

Questions Cloud

Explain how using ashford university library has improved : Describe your experiences using resources, including concerns encountered when conducting academic research through the Ashford University Library. Areas of concern may include developing a research strategy, using the search function within a dat..
Problem regarding the address of record : Normally the delivery firm does not obtain recipient signatures; deliveries are made to the address of record, regardless of the name on the package. The gift giver argued that even though the package had been delivered to the right address, it ha..
What is corporate governance : a. What is corporate governance? Why is it important for board of directors to ensure good corporate governance within a company? Students need to define corporate governance concisely, and examine the ways as to how the board of directors can ensure..
Discuss the standards applicable to possible sources : Discuss the standards applicable to possible sources. Include several recommendations you would make to the manager to help solve the problem based on your research into documented best practices for similar situations. Note: You may make assumpti..
Probability of a growing economy : The firm believes the probability of a growing economy is 0.66. The firm may set the price after they know the state of the economy. What is the expected value? Round your answer to one decimal.
Studying the demographics in a region : 1. A regional planner is studying the demographics in a region of a particular state. She has gathered the following data on nine counties.
Calculate the expected value of the bulb : If the bulb works as advertised, the firm will earn $3.4 in profit. If the fail to work as advertised, the firm will lose $1. Calculate the expected value of the bulb given a positive test result. Round your answer to two decimal places.
Software with statistical capability : Magnum Magnetics makes induction meters used in vending machines to test the validity of coins. Their specifications require the induction reading capability of the meters to fall between 0.25 and 0.50 Tesla (T) units. Quality analysts took a ran..
What is the slope of the budget constraint : Do you need to know the income of the consumer to answer this question? Why or why not?

Reviews

Write a Review

Business Management Questions & Answers

  Provide the general interventions employed by government

Provide the general interventions employed by government to reduce monopoly and general Interventions employed to protect monopoly.

  Reference to relevant academic and practitioner literature

With reference to relevant academic and practitioner literature write a report on the latest debate on gender pay gap. Use real-life examples to enrich your report.

  Explain product and its branding and packaging strategies

Select the brand which you think loyal to and explain the product and its branding and packaging strategies. Examine the effectiveness of these strategies.

  Discuss the contents of the table

Discuss the contents of the table in (a). Specifically, what does each beta imply about the stock? What does the R-squared tell you? What are the significance levels?

  Analyze issue from related to intercultural communication

Compare culture clashes or basic differences that could account for possible miscommunications and propose ways to adapt and overcome such differences to enhance intercultural proficiency in your current role or in a hypothetical situation you dev..

  Published data designates that in mid-level management

Published data designates that in 2008 mid-level management travellers spent an average of $381 per day with a standard deviation of $47 when they were in Chicago on business.

  What is the amount as well as nature of the improvement

A business machine purchased April 10, 2006 for $86,000 was fully depreciated in 2006 using § 179 instant expensing On August 15, 2007 the sole proprietor who possessed the machine died

  Pros and cons of evidence-based medicine

Discuss the pros and cons of evidence-based medicine. What can be done to increase the adoption of the beneficial aspects of evidence-based medicine in the U.S.?

  What is the possibility that a randomly chosen worker

What is the possibility that a randomly chosen worker is- Neither married nor a college graduate?

  Good for walgreens to get input from volunteers

Why was it good for walgreens to get input from volunteers? Why was it necessary to rely on employee blueprints to enhance careers management in the company?

  Brieft description of products and services

For the Executive Summry I need - A brieft description of products and services. A solid description of the market

  Advanced entrepreneurship-presenting business plans

You have decided that you would like to formally start the entrepreneurial business. To make sure the success of your business, you will produce the business plan.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd