If your company makes a particular decision in the face of uncertainty, you estimate that it will either gain $10,000, gain $1000, or lose $5000, with probabilities 0.40, 0.30, and 0.30 respectively. you (correctly) calculate the emv as $2800. however, you distrust the use of this emv for decision making purposes. after all, you reason that you will never receive $2800; you will receive $10,000, $1000, or lose $5000. discuss this reasoning.

Answers

Answer 1
EMV is the Expected monetary value of a particular decision. But a decision implies at least 2 choices. Calculating the EMV only makes sense when it is done for all choices. In this example, if your company does A, the EMV of this decision is $2,800. In order to decide what to do, you need to know the EMV of choice B.
Since there is no further information, let's assume that choice B is "doing nothing" and has no costs and no potential gain. Then the EMV for B is $0. A rational decision-maker will chose the option with the highest EMV. In this case, Choice A. It is not about the $2,800, it is about the highest EMV.

Related Questions

Why are many companies so concerned about brand​ management? companies use brand management
a. to eliminate excess capacity and earn economic profits in the short run.
b. to collude with other firms and earn economic profits in the long run.
c. to maintain product differentiation and earn economic profits in the short run.
d. to produce a product identical to that of competitors and create network externalities in the short run.
e. to achieve productive efficiency and maximize economic surplus in the short run?

Answers

Why are many companies so concerned about brand​ management? Companies use brand management to maintain product differentiation and earn economic profits in the short run.
Brand management is defined as the analysis a business uses and plans to see how well their brand is perceived or what they need to change about the perception of their brand in the market. To have good brand management, having a good, strong bond with your target market is imperative. Companies strive to have good brand management so that they can have their product stand out against their competitors.

Which choice best describes labor laws passed during the New Deal?

A. Union friendly
B. Neutral towards unions
C. No labor laws were passed during that time period
D. Anti-union

Answers

the answer would be

 A. union-friendly 

because during the new deal labor laws that favored unions were passed 

Type i rooms do not have high-speed wireless internet access and are not available for the business rental class. round tree's management makes a forecast of the demand by rental class for each night in the future. a linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. the demand forecast for a particular night is 120 rentals in the super saver class, 65 in the deluxe class, and 50 in the business class. round tree has 100 type i rooms and 110 type ii rooms.

Answers

ur response would be 25 thats the colsest hint i can give

Final answer:

Round Tree's management uses a linear programming model to determine how many reservations to accept for each rental class in order to maximize profit.

Explanation:

The linear programming model developed by Round Tree's management is used to determine how many reservations to accept for each rental class in order to maximize profit. However, Type I rooms do not have high-speed wireless internet access and are not available for the business rental class. Therefore, the demand forecast for the Type I rooms is not considered in the model.

The demand forecast for a particular night is 120 rentals in the Super Saver class, 65 rentals in the Deluxe class, and 50 rentals in the Business class. Round Tree has 100 Type I rooms and 110 Type II rooms.

To determine how many reservations to accept for each rental class, Round Tree's management would need to consider the availability of Type II rooms and the demand forecast for each rental class. They would then allocate the available rooms based on the demand to maximize profit.

Below is a chart representing portions of résumés from three applicants.



Excerpts from Résumés of Three Job Applicants


Job Expertise





Applicant 1



Developed effective techniques for keeping order in the classroom





Applicant 2



Effectively designed a program for new employees





Applicant 3



Took many courses in child psychology and human development







Which best explains the applicants’ careers?

Applicant 1 would be best in Administration.
Applicant 2 would be best in Teaching.
Applicant 3 would be best in either Teaching or Professional Services.
Applicant 2 would be best in Administration or Professional Services.

Answers

I believe that the option about applicant 3 best explains the career of the applicant.

The background of Applicant 3 in child psychology could help him/her understand the students, especially children, while teaching, if he/she is teaching. The applicant's background in human development is also beneficial in teaching by using his/her knowledge in developing his/her students holistically as a person. This knowledge is also very applicable in the professional field, specifically in the human resource and training department and management. The applicant's background in child psychology is also applicable in the field of medicine.

Answer:

c

Explanation:

what are the four pillars of democracy

Answers

The Four Pillars Of Democracy are basic guidelines that help govern howdemocracy works. The Four Pillars are: Equity, Representation, Freedom and Justice. Each pillar is an important part of democracy.

The four pillars of democracy are crucial components of democratic governance and ensure the functioning of a democratic society.

The four pillars of democracy are:

A system for choosing and replacing the government through free and fair elections;Active participation of the people, as citizens, in politics and civic life;The protection of human rights of all citizensA rule of law in which ,,the laws and procedures apply equally to all citizens.

These pillars are essential components that uphold democratic governance and ensure the functioning of a democratic society.

______ is the total accumulation of past budget deficits less surpluses.

Answers

Public Debt is the total accumulation of past budget deficits less surpluses.
Final answer:

The subject of this question is Social Studies, specifically federal deficits and the national debt. A budget deficit occurs when the government's spending exceeds its revenue, and the national debt is the total accumulation of past budget deficits minus surpluses.

Explanation:

The subject you are asking about is Social Studies. Specifically, this question pertains to the study of federal deficits and the national debt.

A budget deficit occurs when the government spends more money than it collects in revenue during a fiscal year. The total accumulation of past budget deficits, subtracted from surpluses, is known as the national debt. This is the sum of all the budget deficits and surpluses over time.

In the United States, the national debt has increased significantly during times of war and recession, such as World War II and the 2008-2009 recession.

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Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies?
a. direct labor

Answers

Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies? 
Materials, manufacturing overhead and direct labor are all components of inventories for manufacturing companies. Manufacturing overhead consists of labor and materials that are used in the manufacturing process. 

What strategies can i use with keywords to help narrow down the search results?

Answers

What strategies can I use with keywords to help narrow down the search results? You can use quotation marks around a search phrase, use characters to help search and, you can also search within a specific website. Narrowing down your search helps you only read specifics relating to your searches so that you aren't wasting time reading information that doesn't 100% pertain. It also allows for faster search time and you can accomplish more at a quicker pace. 

Final answer:

To efficiently narrow down search results, use Boolean operators, limit results with advanced search options, and develop effective keywords, revising your strategy if needed.

Explanation:

To narrow down search results using keywords, u user can consider the following strategies:

Use Boolean operators such as AND, OR, and NOT to combine keywords, exclude words, or include synonyms for more precise results.Utilize advanced search options to limit your results to certain domains or to find content with specific usage rights.Develop effective keywords by breaking down your topic into main concepts and considering synonyms or related terms for flexibility.

Part of effective searching is revising your strategy if needed. If initial results are not satisfactory, add more specific words or change the keywords to better match what you're looking for.

The​ ________ is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item.

Answers

The answer is the EOQ model

The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be

below average.
average.
above average.
the same as 2000.

Answers

Above average as there is an increasing need for instructors, so the answer is C

The employment potential in the Education and Training career cluster is expected to be above average compared to other clusters due to higher growth rates for jobs requiring more education. The correct answer is C.

The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be:

Above average

Higher growth rates are projected for jobs requiring more education

Jobs without degrees may find it more challenging to secure employment

What is the origin of the term “to post” advertisements?

Answers

colonial merchants used to nail posts up
The origin of the term “to post” advertisements is that the colonial merchants used to nail posts up. They use these advertisements for it to be shown or displayed in front of their stores to persuade consumers and buyers.

What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers' personal savings accounts. the surplus money is used to buy u.s. treasury notes. the surplus money is deposited into supplemental retirement accounts for current beneficiaries. the surplus money is deposited into the general fund. none of the above?

Answers

What happens to the surplus payroll taxes generated by social security? The surplus money is used to buy U.S. treasury notes. Payroll taxes are taxes that employers or employees have taken out of their checks. These are a calculated percentage based on what they make or what an employer pays an employee. When extra funds are collective by social security they go into U.S. treasury notes. U.S. treasury notes are issued by the U.S. Treasury and is used as currency.

Which of the 4ps in the marketing mix is most directly related to discounts and allowances of purchased products in a b2b transaction?

Answers

Price. Is one of the 4P's in the marketing mix is most directly related to discounts and allowances of purchased products in a B2B transaction. Due to discounts and allowances having to do with the price of the product or service the business can related to this within the marketing mix. All transactions that have to do with discounting relate to the price of the good or service being sold. 

One of the four Ps of the marketing mix, price, is most closely tied to the discounts and allowances given for goods purchased in a B2B transaction.

What is Business-to-Business (B2B)?

Business-to-business (B2B), sometimes known as B-to-B, is a type of transaction that takes place between businesses. Examples include a transaction between a manufacturer and wholesaler or a wholesaler and a retailer. In contrast to doing business with a single consumer, business-to-business refers to transactions between businesses. The terms "business-to-business" and "business-to-government" refer to different types of transactions.

B2B transactions are also typical for businesses in the auto industry, as well as for housekeeping, property management, and industrial cleanup firms. Business-to-consumer transactions (B2C) are those that take place between a corporation and a single consumer.

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Responsibility accounting cannot be used effectively
a.for costs allocated to the responsibility level.
b.when budget data can be developed for evaluating the manager's effectiveness in controlling costs.
c.for costs that can be directly associated with the specific level of responsibility.
d.for costs controllable at the level of responsibility with which they are associated.

Answers

Responsibility accounting cannot be used effectively for costs allocated to the responsibility level. In responsibility accounting explains the accounting performance measurement systems. When related to responsibility accounting, it states that larger organizations make it harder to manage over smaller single organizations to manage. Breaking organizations into smaller segments make it easier to account for and keep manage of. 

Outlining reasons why the customer's concern is not right is it effective

Answers

If a customer has a concern about a product or service you can chat with the customer about their reservations with it and how they won't actually have an affect on the product or service. It is normal for consumers to be weary of a new product or service so helping their reservations be but to rest makes it easier to sell them the product or service. 

Planet company sells a product for $16 per unit, variable cost is $12 per unit, and the total fixed cost is $6,000. What is the break-even point in units?

Answers

Final answer:

The break-even point is 1,500 units.

Explanation:

To calculate the break-even point, we need to find the point where the total cost equals the total revenue. Total cost is the sum of fixed cost and variable cost per unit multiplied by the number of units, while total revenue is the selling price per unit multiplied by the number of units.

In this case, the fixed cost is $6,000, the selling price per unit is $16, and the variable cost per unit is $12. Let x represent the number of units sold. We can set up the equation:

Total cost = Total revenue

$6,000 + $12x = $16x

Solving for x, we get:

$6,000 = $4x

x = $6,000/$4 = 1,500

Therefore, the break-even point is 1,500 units.

Final answer:

To calculate the break-even point for Planet company, the total fixed costs ($6,000) are divided by the contribution margin per unit, calculated as the selling price per unit ($16) minus the variable cost per unit ($12), resulting in a break-even point of 1,500 units.

Explanation:

The student's question pertains to calculating the break-even point for a product that Planet company sells. To find the break-even point in units, you must divide the total fixed costs by the contribution margin per unit, which is the selling price per unit minus the variable cost per unit. In this case, the break-even point in units for the Planet company, which sells the product for $16 per unit, incurs a variable cost of $12 per unit, and has total fixed costs of $6,000, would be calculated as follows:

Total Fixed Costs = $6,000

Selling Price per Unit (SP) = $16

Variable Cost per Unit (VC) = $12

Contribution Margin per Unit (CM) = SP - VC = $16 - $12 = $4

Break-even Point in Units (BEU) = Total Fixed Costs / CM = $6,000 / $4 = 1,500 units

Therefore, Planet company would have to sell 1,500 units of its product to reach the break-even point.

Disability income insurance will provide income to a disabled or ill person ___________.

Answers

Disability income insurance will provide income to a disabled or ill person with a waiting period before income is received. Commonly, when a person applies for disability income insurance and is taking out money from the government for disability there is a period of waiting. During this period they review all information given and decides whether or not the person applying actually qualifies for the funds they are wanting to receive. Most states have a set time frame they have to wait and also a set time frame of how long people can receive funds for. 

The reviews editor for a certain scientific journal decides whether the review for any particular book should be short (1–2 pages), medium (3–4 pages), or long (5–6 pages). data on recent reviews indicates that 60% of them are short, 20% are medium, and the other 20% are long. reviews are submitted in either word or latex. for short reviews, 60% are in word, whereas 50% of medium reviews are in word and 20% of long reviews are in word. suppose a recent review is randomly selected.

Answers

Final answer:

The question involves using probability to analyze the distribution of scientific journal reviews by length and format, demonstrating how to calculate combined probabilities for specific characteristics (e.g., a short review submitted in Word).

Explanation:

The question at hand involves the application of probability and statistics to understand the distribution and characteristics of scientific journal reviews based on their length and submission format (Word or LaTeX). Given are percentages describing the distribution of reviews by length and the proportion of these that are submitted in Word format. Specifically, 60% of reviews are short, 20% are medium, and 20% are long. For submission formats, 60% of short reviews, 50% of medium reviews, and 20% of long reviews are submitted in Word.

To calculate the probability that a randomly selected review is both short and submitted in Word, one would multiply the probability of a review being short (0.6) by the probability of a short review being submitted in Word (0.6), resulting in a 36% probability (0.6 * 0.6 = 0.36).

The question allows us to practice combining probabilities from different categories and subcategories, demonstrating the importance of understanding detailed characteristic distributions when analyzing data.

In 2003 the presidents of the african countries of mali and burkina faso requested that rich countries apply free trade rules to those products where poor countries have a proven competitive advantage. argued that free trade was not a policy that developing nations would find it wise to follow. said that at their current stage of development that most of the principles of market economies were not practical. none of the above is correct.

Answers

In 2003 the presidents of the African countries of Mali and Burkina Faso requested that rich countries apply free trade rules to those products where poor countries have a proven competitive advantage.

Environmental groups or fair labor practice groups that challenge firms to maintain high standards are examples of:

a. primary stakeholder groups

b. secondary stakeholder groups

c. shareholders

d. csrs

Answers

Environmental groups or fair labor practice groups that challenge firms to maintain high standards are examples of secondary stakeholder groups. Secondary stakeholders are those that are indirectly affected by actions that an agency, institution, or organization take. These actions can either positively or negatively affect the stakeholders depending on what action occurs. Primary stakeholders have a direct interest in the organization whereas secondary stakeholders have an indirect interest. 

You mow your​ neighbor's yard and he pays you​ $25. Which function of money does this BEST​ represent?

Answers

You mow your​ neighbor's yard and he pays you​ $25. Which function of money does this BEST​ represent? Medium of exchange. The function of money, medium of exchange, is the exchange of money for a good or service. They are facilitating the transaction by paying the neighbor for the lawn cutting service. 


Answer:

The correct answer is Medium of Exchange.

Explanation:

There are three Functions of Money. One of the function is Medium of Exchange. Second one is the Store of Value and the Third one is Unit of account.

In this example, the function of the money is represented as the Medium of Exchange. One neighbor mow others neighbor's yard and in exchange of this service, the other neighbor paid $25 to that neighbor who did the service of mowing for him.

Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected useful life is five years, and the expected salvage value of the equipment is $5,000. what is the book value of the equipment on december 31st, 2018, if voltage uses the double-declining-balance method?
a.$34,000
b.$51,000
c.$54,400
d.$30,600

Answers

Final answer:

By using the double-declining-balance method of depreciation, the book value of the equipment on December 31, 2018, is calculated to be $30,600.

Explanation:

The double-declining-balance method is a form of accelerated depreciation method where an asset loses its value faster in the early years of its lifespan. The formula involves doubling the straight-line depreciation rate. In this case, the book value of the equipment is calculated as follows:

Determine depreciation expense for the first year by taking the cost of the equipment, $85,000, and multiply it by the double of the straight-line rate (1 / 5 years = 20%, so 20% x 2 = 40%).Subtract this depreciation expense from the cost of the equipment, which gives the book value at the end of the first year: $85,000 - ($85,000 x 40%) = $51,000.For the second year (2018), repeat the process, but use the book value at the end of the first year as the new basis: $51,000 - ($51,000 x 40%) = $30,600.

So the book value on December 31, 2018, is $30,600.

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Lucky lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. if the annual interest rate is 8%, what is the present value of the winnings?

Answers

PV = A*[1-(1+r)^-n]/r

A = annual payment = $100,000
r = Interest rate = 8% = 0.08
n = Number of year = 20
PV = present value of the earnings

Therefore,
PV = 100,000*[1-(1+0.08)^-20]/0.08 = $981,814.74
Final answer:

The present value of the annual winnings is approximately $1,857,347.16.

Explanation:

The present value of an annual payment can be calculated using the formula:

Present Value = Payment / (1 + Interest Rate)n

In this case, the payment is $100,000, the interest rate is 8%, and the number of years is 20. Plugging these values into the formula, we get:

Present Value = $100,000 / (1 + 0.08)20

Using a calculator, the present value is approximately $1,857,347.16

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what is the term for fees that must be paid to the lender before a check for purchase can be released?
a. home fees
b. nonrecurring fees
c. closing costs
d. recurring fees

Answers

Closing costs, just did it on apex

Answer: CLOSING COST

Explanation: APEX

An increase in the minimum wage would question 2 options: 1) increase both the quantity demanded and the quantity supplied of labor 2) decrease the quantity of labor demanded while increasing the quantity supplied 3) decrease both the quantity demanded and the quantity supplied of labor 4) increase the quantity of labor demanded while decreasing the quantity supplied save

Answers

i believe it is 4. hope it helps

A group of French tourists were touring the Smithsonian museums in Washington, DC. Which workers in the Smithsonian would the French tourists most likely need?
A) an interpreter and a tour guide
B) a chef and a travel agent
C) a hotel manager and a ticket taker
D) an event planner and an airport worker

Answers

A group of French tourists were touring the Smithsonian museums in Washington, DC. Which workers in the Smithsonian would the French tourists most likely need?
A) an interpreter and a tour guide
B) a chef and a travel agent
C) a hotel manager and a ticket taker
D) an event planner and an airport worker

The best answer is: 
A) an interpreter and a tour guide

A tour guide (U.S.) or a tourist guide (European) is a person who provides assistance, information on cultural, historical and contemporary heritage to people on organized tours and individual clients at educational establishments, religious and historical sites, museums, and at venues of other significant interest. While an interpreter is a person who provides an oral translation between speakers who speak different languages.

yes, the answer is A. on E d g e n u i t y! just verifying

A good leader will have followers who_____.

Answers

A good leader will have followers who is most likely are willing to comply with their commands.

Hope it helped you.

-Charlie
are willing to follow commands

Internet-based commerce is called _____ and includes two main sectors: b2c (business-to-consumer) and b2b (business-to-business).​

Answers

e-commerce. 

(ELECTRONIC COMMERCE)

Hillary wants to purchase a refrigerator on credit. if she uses an installment plan, what is most likely to occur? a discounted price on her purchase will not be offered. taxes will not be charged. a down payment will be required. by law, finance charges on her account cannot exceed 20 percent of the purchase price.

Answers

Hillary wants to purchase a refrigerator on credit. If she uses an installment plan, what is most likely to occur? A downpayment will be required. Typically when you finance something through an installment plan, the plan requires a downpayment to be made. Creditors will use the downpayment as the first months payment and helps hold the buyer accountable for paying their purchase. A downpayment amount can vary based on what the requirements are for that specific store.

what is the main difference between the roles of state and federal judges and other elected officials

Answers

A state judge handles more local cases. A federal judge handles normaly larger cases or cases that took place on federal properly. jugdes have tge power to block laws made by congress or the president. jugdes arnt elected by the people.

The main difference is that A state judge only handle cases that happen within one state while the federal judges could handle all cases that happen from all over the states.

Another difference is that the federal judges could review a certain law and consider it as 'unconstitutional'. This make the law cannot be passed. The state judge does not possess this power.

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what drops to the ground as othello and desdemona head to dinner with the islanders?a. a piece of laceb.a handkerchief c.a ringd.a note A parabola has a vertex at (-1, 0) and opens down. What is the equation of the parabola? y = -x2 - 1 y = -(x - 1)2 y = -(x + 1)2 Gatsby's actions in preparing for daisy's arrival seem both flamboyant and absurd. what does he do? why? Edward always seems to know what to say to his boss to get on his good side. as a result, edward has received three promotions over the last two years. sternberg would suggest that steve possesses ____ knowledge. How does the strangers interaction with Elisa at her garden differ from Henrys interaction with her at her garden Which statement describes Samual Johnsons A Dictionary of the English Language? If the probabilty of winning a lottery game is 7/100, does that mean that if you play the game 100 times, then you will win 7 times? explain. Robert planted 24 daffodil bulbs and 36 tulip bulbs in his guarden last winter. If all the bulbs sprout and bloom this spring, what will be the ratio of tulips to daffodils in Roberts guarden? Expressed as a simplified ratio. Which statement correctly describes the Roaring Twenties? A. Farm profits drove investment in new businesses and industry, and fueled cultural changes. B. Labor reform decreased wealth disparity and made possible more consumer spending. C. Technological advances provided for widespread success and affluence across class lines. D. The nation experienced economic growth, but not all people enjoyed prosperity. 3,072 c= _______ gal What is the volume of the pyramid? https://static.k12.com/eli/bb/1458/3_84696/2_59509_5_84702/7a4a0ad2c3db47a5bb13d74edb27ae71bb21609c/media/8ee1c253d3ddab3cb61cec6450534e7b590f7487/mediaasset_1422977_1.jpg3192 cm3 12,768 cm3 19,152 cm3 6384 cm3 WRITE THE expression in complete factored form 2y^2(p-4)-7(p-4) He human eye is poorly suited to night vision, suffering impairments in __________. what are some chemical properties of oreos?? The upper class makes up about 25 percent of the population in the United States. True or False Wich is the main function of lipids In the eco-garden of a school, the number of aquatic animals is 80% of the number of aquatic plants. There are 162 aquatic plants and animals in all. How many aquatic animals are there in the eco-garden? How do you do a probability tree? How do you start it? How do I get all my percentages to add up to 100?Please help guys, this is for a project. I need to know the steps on how to do one or I'll funk the class. Sergio, quieres hacer diligencias ahora o por la tarde? if meiosis did not occur during the formation of gametes, sexual reproduction would result in