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Decision Tree Problem Expando, Inc. is considering the possibility of building an additional factory that would produce a new addition to their product line. The company is currently considering three alternatives: build small plant, build large plant, and do nothing. If the company builds the small plant and the demand for the new product is low, then the company expects to receive $10 million in discounted revenues (present value of future revenues) and incur $7 million in discounted costs (initial construction costs plus present value of future cost). If the company builds the small plant and the demand for the new product is high, then the company expects to receive $12 million in discounted revenues and incur $8 million in discounted costs. If the company builds the large plant and the demand for the new product is low, then the company expects to receive $10 million in discounted revenues and incur $9 million in discounted costs. If the company builds the large plant and the demand for the new product is high, then the company expects to receive $14 million in discounted revenues and incur $10 million in discounted costs. If the company does nothing, then no additional revenue would be generated nor additional cost incurred because the current factories cannot produce these new products. Regardless of what alternative the company implements, the probability of demand for the new product being high is 0.40 and the probability of demand for the new product being low is 0.60. Construct a decision tree to help Expando make the best decision. What is the best decision?
Major principles of health care ethics include the principles of respect for autonomy, nonmaleficence, beneficence, and justice. Consider the following ethical dilemma: Your patient was recently diagnosed with a rare cancer that has invaded his liver..
Write a two to three page paper responding to the following questions regarding protected group employees: Who are classified as protected group employees? In what ways must these employees be treated differently than non-protected group employees?
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If Felix Corp wanted to deposit an equivalent lump sum today instead to build safety net, explain how much would company.
Write an operational definition of reducing sweets consumption.
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $35 per hour per employee. Each employee identifies an average of 2,700 potential leads a week from a lis..
What are the key decisions that Andrew Mason has made during Groupon’s brief history? How have these decisions influenced Groupon’s evolution as an Internet-based business? How would you describe the decisions identified in your response to question ..
Discuss how perceptual bias affected President George W. Bush’s decisions that lead the United States into war in Iraq in 2003. Did judgmental bias play a part in these decisions?
Identify factors that can cause change initiatives to fail and the five pillars that can cause them to succeed. What is an organization that failed to adapt and which of these factors and pillars was demonstrated by this organization?
Construct the appropriate control chart for the sample observations listed below, and determine if the process is in control using two sigma limits.
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