Paul hires Amy to manage his bakery shop. The following table gives the shop's profits (without subtracting payments to Amy) under 3 different levels of Amy's effort and two different states of the world (good and bad weather). There is an 80% probability that the weather would turn good. Bad weather (20%) Good weather (80%) Low Effort 200 400 Medium Effort 400 800 High Effort 800 1000 The cost of low effort is $10, medium effort $20 and high effort $40. Paul offers a fixed salary of $100 and bonus B if revenue is equal to or higher than $800 and nothing otherwise. What should be the minimum value of B so that Amy would put high effort?

You and a coworker are assigned a team project on which your likelihood or a promotion will be decidedon. It is now the night before the project is due and neither has yet to start it. You both want toreceive a promotion next year, but you both also want to go to your company’s holiday party that night.Each of you wants to maximize his or her own happiness (likelihood of a promotion and mingling withyour colleagues “on the company’s dime”). If you both work, you deliver an outstanding presentation.If you both go to the party, your presentation is mediocre. If one parties and the other works, yourpresentation is above average. Partying increases happiness by 25 units. Working on the project addszero units to happiness. Happiness is also affected by your chance of a promotion, which is depends on howgood your project is. An outstanding presentation gives 40 units of happiness to each of you; an aboveaverage presentation gives 30 units of happiness; a mediocre presentation gives 10 units…

A construction company needs to move lumber onto the roof of a building. If the lumber falls and hits someone it will cause $1,200,000 in damage. Assume that company must choose between the following levels of precaution: Spend $500 and the probability of an accident is .05 Spend $5,000 and the probability of an accident is .01 Spend $8,000 and the probability of an accident is .008 Spend $10,000 and the probability of an accident is .003 If the construction company is strictly liable for the costs of the accident, how much would they spend on precaution? A. $500 B. $5,000 C. $8,000 D. $10,000

Jack and Diane work at a bakery. Jack can make either five batches of cookies or two cakes per hour, while Diane can make either four batches of cookies or three cakes per hour. At 9:00 a.m. they receive an order for 24 batches of cookies and nine cakes. What time is the soonest they can have the order ready?

When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 30 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1. 3 The gambler knows that the expected value of the $10 bet for a single number is - 53¢. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of 38 of making a net profit of $30 and a probability of losing $10. 35 38 a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $10 bet on the number 30 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $. (Round to the nearest cent as needed.) b. Since the expected value of the bet on the number 30 is C than the expected value for the bet that the outcome is 00, 0, or 1, the bet on is better.

Decisions Involving Uncertainty - End of Chapter Problem You're a project manager overseeing five teams that are developing a new app. Each team must complete their work by July 1 in order to release the app by the end of the year. Based on your work managing the project, you know that each team has about a 75% chance of meeting the deadline. a. The probability that your firm will complete the project by the end of the year is b. Suppose that before you calculate the probability of completing the project, you walk into a weekly status meeting with the CEO. When she asks you for your "gut feeling" about the probability of finishing the project by the end of the year, you respond with an answer that exhibits the anchoring bias. Your response will likely be, "About 70%." "About 90%." "About 25%."

Not use ai please

bottom is the question, top is a part to the solution one of he chegg tutors wrote down. In WHAT WORLD does 100/1000=0.01 IT DOESN'T. 100/1000 = 0.1 to the power of -2 is 100 NOT 1000 so CAN SOMEONE PLEASE PLEASE correctly solve this. This is my third time posting it like jesssusssss

Question 17.plz zoom it's clear

Kobmison Crusoe spends 4 hours a day catching fish and picking coconuts. He can always cateh 2 umioer of coconuts he eats per day and Fis the number of ish he eats per day, How many fish will he choose to eat per day? F= 2LF or -2/.