An online retailer wants to sell scarfs for the winter season with three designs; A, B, C. Temperature Warm (0.20) Average Cold (0.10) (0.70) A 100 300 350 130 250 320 70 175 450 Calculate the highest value you would pay for a highly reliable forecast. (Hint: EV of PI) 0 8 O 32 O 16 O 25
An online retailer wants to sell scarfs for the winter season with three designs; A, B, C. Temperature Warm (0.20) Average Cold (0.10) (0.70) A 100 300 350 130 250 320 70 175 450 Calculate the highest value you would pay for a highly reliable forecast. (Hint: EV of PI) 0 8 O 32 O 16 O 25
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Rate of Change
The relation between two quantities which displays how much greater one quantity is than another is called ratio.
Slope
The change in the vertical distances is known as the rise and the change in the horizontal distances is known as the run. So, the rise divided by run is nothing but a slope value. It is calculated with simple algebraic equations as:
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![An online retailer wants to sell scarfs for the winter season with three designs; A, B, C.
Temperature
Warm (0.20)
Average
Cold (0.10)
(0.70)
A
100
300
350
130
250
320
C
70
175
450
Calculate the highest value you would pay for a highly reliable forecast. (Hint: EV of PI)
O 8
O 32
O 16
O 25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9cc56646-1dea-40cf-8e27-79a7551092e7%2F84059387-9955-44bb-85cf-e3839fe8dbb2%2Fngn342b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An online retailer wants to sell scarfs for the winter season with three designs; A, B, C.
Temperature
Warm (0.20)
Average
Cold (0.10)
(0.70)
A
100
300
350
130
250
320
C
70
175
450
Calculate the highest value you would pay for a highly reliable forecast. (Hint: EV of PI)
O 8
O 32
O 16
O 25
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