Answered: developed new probability distribution…

Business

Marketing

developed new probability distribution day by day from transformations

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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2. A daily demand for loaves of bread at a grocery store is given by the following probability distribution: 100 150 0.20 0.25 200 0.30 250 0.15 300 0.10 p(x) and the cost payoff matrix (in Rs) as: Daily Demand 100 150 200 250 350 100 300 300 300 300 300 150 250 450 450 450 450 200 200 400 600 600 600 250 150 350 550 750 750 350 100 300 500 700 900 i) Determine the best daily stock of loaves of bread using the expected monetary value (EMV) criterion. ii) Determine the best daily stock of loaves of bread using the expected opportunity loss (EOL) criterion. i) How much will the decision maker spend to get additional information? Daily Stock
The table below gives a discrete probability distribution. x Pr{X= x} 2 0.3766 8 0.2546 14 0.1728 20 0.1168 26 0 Calculate the theoretically exact mean, u , variance, sigma^2 , and standard deviation,sigma , for the distribution. Summary metrics: Enter your answer as a comma separated list to four decimal places, e.g. 0.1234, 0.2324, 0.4567, etc.
Two difficulties that might be described using simulation models
1. If today stock is trading for $60 a share. You are confident that the stock price will experience a change in the value of over 30% relative to the current price in either upward or downward direction over the course of next year. Today you decide to transact in either one or two stocks maturing in one year. The strike price of both options is $60 a share. The call option premium is $6 and put option premium is $5. Given this information and your belief, you should _______. a. buy 2 calls b. buy 1 call and sell 1 put c. sell 1 call and 1 sell put d. buy 1 call and buy 1 put e. sell 2 puts Please explain
Stocks with high market betas have higher expected returns than stocks with low market betas. This evidence is inconsistent withI. The weak form efficient market hypothesisII. The semi-strong form efficient market hypothesisIII. The strong form efficient market hypothesis a) I, II, and III b) I and II c) I d) None of I, II, and III
You are attempting to establish the utility that your boss assigns to a payoff of $1,200. You have established that the utility for a payoff of $0 is zero and the utility for a payoff of $10,000 is one. Your boss has just told you that they would be indifferent between a payoff of $1,200 and a lottery which has a payoff of $10,000 where the probability of losing is 0.9. What is your boss' utility for $1,200? (Round your answer to 1 decimal place.) Utility of $1,200
What is discrete simulation explain with the help of examples ?
At Tech Innovators Corporation, a study was conducted to assess employees' job satisfaction and their engagement in professional development activities. Out of the 500 employees surveyed: 220 employees reported being satisfied with their jobs. 350 employees were engaged in some form of professional development. 180 employees were both satisfied with their jobs and engaged in professional development. What is the probability that a randomly selected employee from the company is satisfied with their job? Given that an employee is engaged in professional development, what is the probability that they are also satisfied with their job? What is the probability that an employee who is not engaged in professional development is satisfied with their job?
A recent 10-year study conducted by a research team at the Great Falls Medical School was conducted to assess how age, systolic blood pressure, and smoking relate to the risk of strokes. Assume that the following data are from a portion of this study. Risk is interpreted as the probability (times 100) that the patient will have a stroke over the next 10-year period. For the smoking variable, define a dummy variable with 1 indicating a smoker and 0 indicating a nonsmoker. The data is provided below: Risk of Strokes Age Systolic Blood Pressure Smoker 10 59 156 0 25 65 163 0 12 60 158 0 57 86 177 1 28 59 196 0 50 76 189 1 17 57 159 1 34 78 120 1 37 80 135 1 15 78 98 0 22 71 152 1 39 70 173 1 17 67 135 0 48 77 209 1 18 60 199 0 36 82 119 1 10 66 166 0 34 80 125 1 4 62 117 0 38 59…
imagine you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market?
A paint company has three sources for buying bright red pigment for its paints: Vietnam, Taiwan, and Thailand. Unfortunately, the pigment is made from a bush whose annual growth is heavily dependent upon the amount of rainfall during the growing season. The following tables show probabilities and prices for wet, dry, and normal growing seasons. Probabilities Wet Dry Normal Vietnam 0.5 0.2 Taiwan 0.6 0.3 Thailand 0.4 0.4 Price/Pound ($) Vietnam 0.96 1.11 Taiwan 0.86 1.25 Wet Dry Normal Thailand 0.92 1.19 0.3 What country shoul the company select? Thailand Taiwan Vietnam 0.1 0.2 1.05 0.99 1.06 What is the expected value (price) associated with it?
A market research firm has agreed, for a fee, to analyse the demand for the start-up's product and issue a report predicting whether the new start-up will be a success or a failure before the venture capitalist can make his investment decision. a) Assuming the VC is risk-neutral, what is the maximum amount it should pay for the market research? Assume that the market research's prediction is correct. b) What are the risk profiles associated with the venture capitalist's investment decision when he uses the market research with perfect predictions? How are these risk profiles compared to the risk profiles when the venture capitalist does not use the market research? Why?