Consider two possible states of nature s₁ and 52 and three possible actions a 1,92 and a 3. a. Interpret the "ordered pair" (ai, sj) for i = {1,2,3} and j = {1,2} Suppose P(ai, sj) denotes the payoff arising from (ai, sj). Let P(a₁,81) = 130,000, P(a2, s1) 140,000, P(a3, S1) = 80,000 and P(a1, $2) = 400,000, P(a2, s2) = 260,000, P(a3,S2) 90,000 = b. Represent this in a table c. Find the maximin solution d. Find the minimax solution
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- 14. Digital Controls, Inc. (DCI) manufactures two models of a radar gun used by police to mon- itor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller model B has an accuracy of plus or minus 3 miles per hour. For the next week, the company has orders for 100 units of model A and 150 units of model B. Although DCI purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a DCI plant in Newark, New Jersey. Each model A case re- quires 4 minutes of injection-molding time and 6 minutes of assembly time. Each model B case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week the Newark plant has 600 minutes of injection-molding time available and 1080 min- utes of assembly time available. The manufacturing cost is $10 per case for model A and $6 per case for model B. Depending upon demand and the time available at the Newark plant, DCI…Question #30 of 85 Question ID: 1251796 Debbie owns 100% of the common stock (3,750 shares, valued at $2,517,000) of Great West Linens Inc. Her daughters are full-time employees of the business. The business has a 10% average annual growth rate. Debbie has the following goals for the future: To further involve her daughters in the business To maintain control of the business to prevent its sale or liquidation during her lifetime To freeze the value of the business in her gross estate To receive sufficient income to maintain her current standard of living both currently and in retirement Which one of the following is the most appropriate form of business transfer for Debbie? A) A preferred stock recapitalization in which Debbie receives a majority of the shares with voting rights, a fixed liquidation value, and qualified income payments, and transfers other shares to her daughters B) A private annuity transaction with her daughters transferring all of her shares in…1. What is the most the real estate investor would be willing to pay for additional information? Use Minimum Expected Regret (Minimum EOL) 2. Use the alternative method to verify EVPI
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