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#15 A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $80 profit on each sale, but has to refund the sale price and suffers a loss of $11 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?. Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 2 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software #16 on own Probability Sell Company Form Joint Venture Sell Software on own Answer format: Text Success Submit 0.1 74 Moderate Success Neutral Failure 0.3 0.4 74 74 74 210 180 120 110 420 250 104 -100 unanswered not_submitted Attempts Remaining: 2

#15 A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $80 profit on each sale, but has to refund the sale price and suffers a loss of $11 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?. Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 2 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software #16 on own Probability Sell Company Form Joint Venture Sell Software on own Answer format: Text Success Submit 0.1 74 Moderate Success Neutral Failure 0.3 0.4 74 74 74 210 180 120 110 420 250 104 -100 unanswered not_submitted Attempts Remaining: 2

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 12AA
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#15 A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $80 profit on each sale, but has to refund the sale price and suffers a loss of $11 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?. Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 2 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software #16 on own Probability Sell Company Form Joint Venture Sell Software on own Answer format: Text Success Submit 0.1 74 Moderate Success Neutral Failure 0.3 0.4 74 74 74 210 180 120 110 420 250 104 -100 unanswered not_submitted Attempts Remaining: 2
Transcribed Image Text:#15 A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $80 profit on each sale, but has to refund the sale price and suffers a loss of $11 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?. Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 2 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software #16 on own Probability Sell Company Form Joint Venture Sell Software on own Answer format: Text Success Submit 0.1 74 Moderate Success Neutral Failure 0.3 0.4 74 74 74 210 180 120 110 420 250 104 -100 unanswered not_submitted Attempts Remaining: 2
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