Reference no: EM131125159
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Payoff Table
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Alternatives
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State 1
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State 2
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Stock 1
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-200
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60
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Stock 2
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40
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120
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Stock 3
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160
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80
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Stock 4
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-100
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200
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Opportunity Loss Table
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Alternatives
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State 1
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State 2
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Stock 1
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320
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140
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Stock 2
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120
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80
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Stock 3
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0
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120
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Stock 4
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260
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0
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Given the information above,
A. Are any of the stocks clearly inferior choices? (Explain. You can eliminate any inferior choice(s) from the rest of the analysis).
B. What is the alternative chosen using the optimistic (maximax) criterion?
C. What is the alternative chosen using the pessimistic (minimax) criterion?
D. What is the alternative chosen using the minimax regret criterion?
Over the past 40 years, the probability of any given year being a recessionary year is 0.1. Given this information,
E. Calculate the expected monetary value (EMV) for each stock. Which stock would an EMV maximizer choose?
F. Calculate the EVPI (that is, how much the investor should be willing to pay an economist (or a psychic) to tell him, with certainty, next yearAc€?cs state of nature).
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Prepare entries in the general fund to record
: 1. Estimated revenues for the fiscal year were $250,000 and appropriations were $248,000. 2. The tax levy for the fiscal year, of which 99% is believed to be collectible, was $200,000.
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Analyze the results in terms of success or failure
: How would you design a research study to better understand the generic competitors for this product? What are the limitations of the game theory approach to understanding competitive strategy?
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Determine the work and the heat transfer in the process
: Determine the work and the heat transfer in the process.
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Analyze the role of the practitioner-scholar model
: Analyze the role of the practitioner-scholar model in guiding professional development. Explain how the practitioner-scholar model supports professional development
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Any of the stocks clearly inferior choices
: A. Are any of the stocks clearly inferior choices? (Explain. You can eliminate any inferior choice(s) from the rest of the analysis). B. What is the alternative chosen using the optimistic (maximax) criterion?
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Write the half-reaction for your strongest reducing agent
: Write the half-reaction for your strongest reducing agent. Write the half-reaction for your strongest oxidizing agent. Note the number of electrons in each half reaction.
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Explain importance of information technology and systems
: Explain the importance of information technology and systems in businesses today. Include at least one (1) real-world industry example where you believe information technology has changed the way that business is performed in that industry.
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Disadvantageous bargaining position
: Do you agree that when one enters into a disadvantageous bargaining position because of one's own voluntary acts (such as ignoring a warning) that an otherwise exploiting act becomes morally permissible because the person assumed the risk? Or, is the..
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Determine the amount of entropy produced
: 6.42 Air contained in a rigid, insulated tank fitted with a paddle wheel, initially at 4 bar, 408C and a volume of 0.2 m3, is stirred until its temperature is 3538C
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