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Question # 10 DI Answer: Pick x Pick y Compute the expected value. CI 63 H M L H 0.2 0.5 0.3 0.3 0.7 15,000 11,000 9,000 C2 D2 H M L Pick ZI 0.1 0.7 0.2 Pick Z2 C4 4,000 12,000 10,000 U.2 0.8 0.3 0.7- 12,000 9,000 14,000 4,000

Question # 10 DI Answer: Pick x Pick y Compute the expected value. CI 63 H M L H 0.2 0.5 0.3 0.3 0.7 15,000 11,000 9,000 C2 D2 H M L Pick ZI 0.1 0.7 0.2 Pick Z2 C4 4,000 12,000 10,000 U.2 0.8 0.3 0.7- 12,000 9,000 14,000 4,000

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question #10 Compute the expected value. 0.2 15,000 0.5 11,000 0.3 9,000 Piçk x 0.1 4,000 DI C2 M -0.7 12,000 Pick y 10,000 0.2 0.3 U.2 12,000 C4 Pick ZI 0.8- 9,000 H. 0,7 D2 0.3 14,000 Pick Z2 0.7 4,000 Answer:
Transcribed Image Text:Question #10 Compute the expected value. 0.2 15,000 0.5 11,000 0.3 9,000 Piçk x 0.1 4,000 DI C2 M -0.7 12,000 Pick y 10,000 0.2 0.3 U.2 12,000 C4 Pick ZI 0.8- 9,000 H. 0,7 D2 0.3 14,000 Pick Z2 0.7 4,000 Answer:
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