Questions
The following payoff table shows the profit for a decision problem with two states of nature...

The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives:

State of Nature
Decision Alternative s 1 s 2
d 1 6 3
d 2 9 1
  1. Use graphical sensitivity analysis to determine the range of probabilities of state of nature s 1 for which each of the decision alternatives has the largest expected value. If required, round your answers to two decimal places.
    d1 is optimal for probability of s 1 ≥ ??
    d2 is optimal for probability of s 1 ≤ ??
  2. Suppose P(s1) = 0.85 and P(s2) = 0.15. What is the best decision using the expected value approach?
    Best decision:

    ??

  3. Perform sensitivity analysis on the payoffs for decision alternative d1. Assume the probabilities are as given in part (b), and find the range of payoffs under states of nature s1 and s2 that will keep the solution found in part (b) optimal. Is the solution more sensitive to the payoff under state of nature s1 or s2?

    The input in the box below will not be graded, but may be reviewed and considered by your instructor.

In: Operations Management

One of the university’s values is respect. Part of the definition states that, “Our community’s strength...

One of the university’s values is respect. Part of the definition states that, “Our community’s strength depends on the unity and diversity of our people.” As we finish our modules on financial matters, consider the elderly for a moment. For this week’s discussion, please support your answer as to whether society is obligated out of a sense of respect to care for the elderly who have been unable, unwilling, or unfortunate in their preparation for retirement.

In: Psychology

A small business owner visits his bank to ask for a loan. The owner states that...

A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,200 per month for the next three years and then $1,200 per month for two years after that. If the bank is charging customers 10.25 percent APR, how much would it be willing to lend the business owner? (Do not round intermediate calculations and round your final answer to 2 decimal places.) What is the present value?

In: Finance

Place the following energy states in order of their least net carbon dixide emission into the...

Place the following energy states in order of their least net carbon dixide emission into the atmosphere, where 1. = lowest net carbon, and 5. = highest net carbon.

In your calculation, take into account:

  1. How much carbon dioxide (or CO2 equivalent) is emitted per unit energy generated.
  2. If the source is renewable, how much carbon dixide (or CO2 equivalent) is removed from the atmosphere each year by that resource.
  3. How much energy is needed to produce and deliver that energy source.

Oils. Petroleum fractions, plant oils, and similar viscous substances, ccommonly combined with lighter distillates to form diesel fuels for truck and rail engines.   

Gaseous. Hydrocarbons, hydrogen and carbon monoxide mixtures present in gaseous state at room temperatures which, when combined with oxygen (burned) release heat and/or light.   

Solid fuels. Fossil carbonates (coals and peat), carbonized woody materials (coke, charcoals, and biochars), and lignite (woody) fuels including wood, pelletized grasses, etc. burned directly in their solid state.  

Distillates. Highly flammable liquids (liquid at room temperature) distilled from petroleum (gasoline), fermented plant starches (ethanol) and plant oils ("green" kerosene), used in both turbine (jet) and internal combustion engines.

In: Other

Many states self-insure for health care and other things. The government, often along with contributions from...

Many states self-insure for health care and other things. The government, often along with contributions from employees, funds the insurance plan and negotiates a contract with some company such as Blue Cross to oversee coverage. What kind of fund deals with this sort of activity?

In: Operations Management

1. which of the following tripeptides would be closest to its pI isoelectric point in a...

1. which of the following tripeptides would be closest to its pI isoelectric point in a solution at pH=5

A)HisLysArg B)HisGluAla C)TyrAspGluHis D)GluAspGly

2. Describe the coordination of the Fe2+ ( name the coordination ligands) in both the deoxy and oxymyoglobin states.

In: Chemistry

Write a balanced net ionic equation to show why the solubility of PbF2(s) increases in the...

Write a balanced net ionic equation to show why the solubility of PbF2(s) increases in the presence of a strong acid and calculate the equilibrium constant for the reaction of this sparingly soluble salt with acid.

Use the pull-down boxes to specify states such as (aq) or (s).

K - _____

In: Chemistry

The nurse has attended a staff education conference about fluoroquinolones. Follow upis required if the nurse...

The nurse has attended a staff education conference about fluoroquinolones. Follow upis required if the nurse states that fluoroquinolones

1. are available in oral intravenous forms

2. cause elevation of liver enzymes

3.are narrow spectrum agents

4.cause photosenstivity

In: Nursing

A colleague of yours states that natural selection merely eliminates unfit mutants rather than creating “new”...

A colleague of yours states that natural selection merely eliminates unfit mutants rather than creating “new” characters. Thus, he concludes that natural selection could not account for the evolution of new types of organisms. Do you agree? Explain your rationale.

In: Biology

In your own words, briefly explain and compare the powers and impacts of the European Union...

In your own words, briefly explain and compare the powers and impacts of the European Union and one of the other regional organizations (Organization of American States, African Union, ASEAN). Be sure to give specific examples from the readings, discussions or other class materials to illustrate.

In: Economics