Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
22. The Mobile Oil company has recently acquired oil rights to a new potential source of natural oil in Alaska. The current market value of these rights is $90,000. If there is nat- ural oil at the site, it is estimated to be worth $800,000; however, the company would have to pay $100,000 in drilling costs to extract the oil. The company believes there is a 0.25 probability that the proposed drilling site actually would hit the natural oil re- serve. Alternatively, the company can pay $30,000 to first carry out a seismic survey at the proposed drilling site. Historically, if the seismic survey produces a favorable re- sult, there is a 0.50 chance of hitting oil at the drilling site. However, if the seismic sur- vey produces an unfavorable result, there is only a 0.14285 probability of hitting oil. The probability of a favorable seismic survey when oil is present at the drilling site is 0.6. The probability of an unfavorable seismic survey when no oil is present is 0.80. a. What is the probability of a favorable seismic survey? b. What is the probability of an unfavorable seismic survey? c. Construct a decision tree for this problem. d. What is the optimal decision strategy using the EMV criterion? e. To which financial estimate in the decision tree is the EMV most sensitive?
If you had a manager who wanted you to do something against your initial inclination, which of IBM's elements would work best on you? Why?
The results of inspection of DNA samples taken over the past 10 days are given below. Sample size is 100. Construct a 3-sigma p-chart using this information
The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet, they did not have enough knives.
Mathematical Programming and Optimisation: Build and describe a prototype model Use your model to recommend a schedule of burning and, if required buying fuels
your company has been having conflict issues between team members from the united states and japan due to
Compute a three-week weighted moving average for the time series. Compute the MAD, MSE and MPE for this method - regression analysis to estimate the line of best fit
Consider this: Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm
participates actively in both the generating and focusing phases d. selects the tools that the group should use.
As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to determine its next competitive move.
What do we mean by the term " bounded rationality," and what is its significance with regards to decision making in organizations?
Identify five main points you plan to make about the values of having a diverse workforce, and present a detailed sample agenda for your meeting.
Prepare a list of four questions that you would ask the project manager to determine project milestones and how the progress of the multiple project are tracked.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd