1. Write a short case that must cover 3 different risk types and 3 different loss types. 2. According to the case, give the answers (what risk cause what loss).
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- How is risk related to profit? a The lower the risk, the higher the profit. b Profit has an inverse relationship to risk. c Profit can be seen as a reward for taking risks. d High-risk ventures are more likely to be successful.ANSWER WITH DETAILS THANK YOUwhich 2 tools/concepts wil help to become better manager/decision maker
- HelpThis factor contributes to the winner's curse a. your estimate of the value of the object was not the most optimistic b. your bid was not the highest c. there were many other bidders that you beat out d. you shaded your bid too much36. Over the centuries several eminent thinkers have offered insights into the prob- lems of decision making in the face of risk. Which of the following lists places the the thinkers in correct chronological order, from earliest to latest? (a) Pierre Simon de Laplace, Daniel Bernoulli, John von Neumann, Christian Huygens, Amos Tversky (b) Daniel Bernoulli, Christian Huygens, Pierre Simon de Laplace, Amos Tversky, John von Neumann (c) Daniel Bernoulli, Pierre Simon de Laplace, Christian Huygens, Amos Tversky, John von Neumann (d) Christian Huygens, Daniel Bernoulli, Pierre Simon de Laplace, John von Neumann, Amos Tversky
- Describe a decision your company has madewhen facing uncertainty. Compute the expectedcosts and benefits of the decision. Offer adviceon how to proceed. Compute the profit conse-quences of the advice.Economics A person likes to gamble and has $100 on him. He is going to play the following game: if he bets $b, then with probability p, 0 < p< 1, he will win $b; with probability 1 – p, he will lose his $b. He is given the opportunity to play at most 20 times. He is a very disciplined gambler and is going to use the following strategy: • Every time he plays, he will make a bet equal to half of the amount of money he has at that moment. • If the amount of money he has gets to $300 or higher, then he will stop playing. Find the probability that, starting with $100 and given 20 chances to play the game, this person will get to $300 or more. Formulate this problem recursively by writing down the “Bellman equation." What is (are) the state variable(s)? Be specific about any constraints or initial/boundary conditions for this problem.Wing is a brand manager for a large food manufacturer. She must predict sales of a new product on the basis of her experience or the anticipated response of competitors to the new product. Wing is developing a _____ forecast. a. qualitative b. quantitative c. market d. financial
- 1. 4 Input Modeling in Drug Development Cost of Drug Development Revenue 6. Effectiveness Market Share Revenue per person Number of People 9. 10 Cost Total Revenue 11 12 13 Total Profit 14 A drug company is planning to invest in a new drug. The cost of research has a uniform distribution 15 on $300,000 to $500,000. There is a 40% chance that the drug will not be effective, in which case 16 there will be no sales. If the drug is effective, then the total market for the drug is 400,000 people. The company expects their share of the market to have a triangular distribution with minimum 5%, maximum 30%, and most likely 20% of the people. For each person who uses the new drug, the 20 company expects to make $100 in sales during the first year. The drug company would like to know the distribution of profit they can expect from undertaking this investment. 17 18 19 21 22 23 24 25Question A Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line. . FastWhich of the following is an example of a risk opportunity? a. CN Tower meteorologists determine there is a 90% chance that a hurricane will sweep through the construction site this week. b. Construction investors determine that they may pull their funds from the CN Tower construction project. c. The city of Toronto has determined that there will be a surprise safety regulations audit conducted for the CN Tower. d. The government of Canada is in discussions to permanently remove COVID travel restrictions.