Question
In: Accounting
Consider three ideas (v,c), where idea 1 is (5,25), idea2 is (4,15), and idea 3...
Consider three ideas (v,c), where idea 1 is (5,25), idea 2 is (4,15), and idea 3 is (6, 29).
Find a value of R such that:
a. Idea 1 is chosen.
b. Idea 2 is chosen.
c. Idea 3 is chosen.
If such a value R does not exist for any of the above, briefly explain why.
Solutions
Expert Solution
From the given information,
a) For idea 1,
R = 5/25 = 0.2
b) For idea 2,
R = 4/15 = 0.2667
c) For idea 3,
R = 6/29 = 0.2069
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