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Leevi Starch in Problem S1-7 estimates that the probabilities of future global changes in oil prices are 0.09 that they will decrease, 0.27 that they will remain the same, and 0.64 that they will decrease. a. Determine the best supplier for the company using expected value. b. If the company wants to hire an energy analyst to help it determine more accurately what future oil prices will do, what is the maximum amount it should pay the analyst? Can you please show all of your working for the answer? I will like to learn and fully understand how to solve the problem. Oil Prices Supplier Decrease Same Increase China $2.70 $3.90 $6.30 India 2.1 3.8 6.5 Phillipines 1.7 4.3 6.1 Brazil 3.5 4.5 5.7 Mexico 4.1 5.1 5.4 I need the formula to plug it into excel.
Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important?
The Doortodoor Sports Equipment Company sells sports clothing and equipment for amateur, light sport (running, tennis, walking, swimming, badminton, and golf) enthusiasts. Describe the internal labor market of the company in terms of job stability (s..
Select four major functions of a manufacturing firm OR a service provider and describe how EACH function contributes to the firms achievement of quality. Note: You need to identify your answer as Manufacturing or Service. Each function must be clearl..
Mark M. Upp has just been fired as the university book store manager for setting prices too low (only 20 percent above suggested retail). He is considering opening a competing bookstore near the campus, and he has begun an analysis of the situation. ..
Define the use of regional trade organizations in international business. Identify the Regional Trade Organization of which the United States is a member. What are some of the advantages and disadvantages of membership?
Income Smoothing is the use of accounting techniques to level out net income fluctuations from one period to the next. Companies indulge in this practice because investors are generally willing to pay a premium for stocks with steady and predictable ..
identify findings, and develop the Comprehensive Project due in Unit 5 and present a preliminary outline indicating how you intend to organize the project deliverable.
A car dealership has been working to increase the number of corporate clients leasing vehicles from them. Their three-month campaign hasn’t produced a high correlation between the costs of their marketing versus the number of leases. What kind of ana..
The purpose of this assignment is to provide advice based on a fact pattern that includes several legal issues as it relates the Family Medical Leave Act. Seventy-five employees work at the headquarters of the XYZ Co. “Full-time employees who have wo..
Annual usage of soap is 4500 gallons. The car wash is open 360 days a year. Assume that daily usage is normal, and that it has a standard deviation of 2 gallons per day.
He was also obligated to deliver proceeds of sale to Witt also of course failed to do that. Park claimed that car was rightfully his. Witt argued that Park owned nothing because he never got title also because Witt never got his money. Who loses a..
Formulate a linear program to determine how many of each of the types of cabinet should be produced, using each type of wood. You see to maximize profit while satisfying demand of the two cabinet styles.
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