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!
Value of perfect information
This relates to the amount that we would pay for an item of information such would enable us to forecast the exact conditions of the market and act accordingly.
The EVPI or expected value of perfect information is the expected outcome along with perfect information minus the expected outcome with no perfect information namely the maximum EMV
Illustration
From above table and described that the probabilities are Boom 0.6, steady state 0.3 and recession 0.1 then
When situations of the market are; boom launch product C: profit = 16
When situations of the market are; steady state launch product B: profit = 6
When situations of the market are; recession launch product B: profit = 12
The expected profit along with perfect information will be
(16 x 0.6) + (6 x 0.3) + (12 x 0.1) = 12.6
Our expected profit choosing product C is 7
The maximum price that we would pay for perfect information is 12.6 - 7 = 5.6
The positive value of k for which x 2 +Kx +64 = 0 & x 2 - 8x + k = 0 will have real roots . Ans: x 2 + K x + 64 = 0 ⇒ b 2 -4ac > 0 K 2 - 256 > 0 K
Show that 571 is a prime number. Ans: Let x=571⇒√x=√571 Now 571 lies between the perfect squares of (23)2 and (24)2 Prime numbers less than 24 are 2,3,5,7,11,13,17,1
how can you memorise you times facts
Evaluate the volume and surface area of a rectangular solid: Calculate the volume & surface area of a rectangular solid along with a = 3", b = 4", & c = 5". Solution:
I should have an account balance for $50.96. You took out $50.96 for a product on 6/18 which was NOT downloaded or delivered as it not available in the time frame I needed it. I am
2/10
for what value of k,the following system of equations have infinite solutions?kx + 5y -(k-5)=0;20x +ky - k=0
37x7= multiply answer it.
A sphere and a cube have equal surface areas. Show that the ratio of the volume of the sphere to that of the cube is √6 : √π. Ans: S.A. of sphere = S.A of cube 4π r 2
4+15-(4-1/2)
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd