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R&D costs for products 1 and 2 are $180,000 and $150,000 respectively. Note that the first option entails no costs because R&D efforts have not yet begun. The success of these software products depends on the trend of the national economy in the coming year and on the consumers' reaction to these products. The company's revenues earned by introducing product 1 only, product 2 only, or both products in various states of the national economy are given in the attached spreadsheet. The probabilities of observing a strong, fair, or weak trend in the national economy in the coming year are assessed to be 0.30, 0.50, and 0.20, respectively.
a. Create a payoff table that specifies Techware's net revenue (in dollars) for each possible decision and each outcome with respect to the trend in the national economy.
b. Use PrecisionTree to identify the strategy that maximizes Techware's expected net revenue from the given marketing opportunities.
c. Perform a sensitivity analysis on the optimal decision, letting each of the inputs vary one at a time plus or minus 25% from its base value, and summarize your findings. In response to which model inputs is the expected net revenue value most sensitive?
Describe how you will use your distance learning unit and how that use will complement your traditional training program. Explain how you will present material to the trainees.
the radek company uses cost-plus pricing with a 30 mark-up. the company is currently selling 80000 units at 65 per
Suppose the first EKG test is positive. In order to make sure, a second EKG test is given to the person. What is the probability that this person has heart disease if the second EKG test is negative?
A distributor has heard that one of the major manufacturers from which it buys is considering going direct to the consumer
1. when an accounting rm audits a corporation the rst phase of the audit involves obtaining knowledge of the business.
Would you recommend that is claim is one for an intentional tort or negligence, and why? Which specific tort do you believe Cortland should pursue.
Teacher has turned to you as vice principal in charge of discipline. Illustrate what do you think should be done. Write your comments in a 1750 to 2850 word paper. Be sure to justify your answer.
comment on the relationship between authority and responsibility under three possible sets of conditions: authority exceeds responsibility, responsibility exceeds authority, and authority and responsibility are equal.
Multivariate Statistics
A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each project to a single member of its highly trained professional staff.
Is it necessary for all team members to have good problem solving skills? Why or why not? What would you do with an employee who was committed to action, but had poor analysis skills?
The globalization of the workforce is an important trend in many industries and organizations. Not only are some project managers assigned to different countries to complete an assignment, but many virtual teams also have membership that spans dif..
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