game viewed as similar to Space Pirates. Estimated profits (in thousands ofdollars) with and without competition are as follows:DEMANDSpace Pirates (withcompetition)ProfitHighMediumLow$800$400$200Probability0.30.40.3DEMANDSpace(without competition)ProfitPiratesHighMediumLow$16000.5$8000.3$400ProbabilityDevelop a decision tree for the Video Tech problem.0.2 Video Tech is considering marketing one of two new video games for comingholiday season: Battle Pacific or Space Pirates. Battle Pacific is a uniquegame and appears to have no competition. Estimated profits (in thousands ofdollars) under high, medium, and low demand are as follows:DEMANDBattle PacificHigh$1000MediumLowProfit$700$300ProbabilityVideo Tech is optimistic about its Space Pirates game. However, the concernis that profitability will be affected by a competitor's introduction of a video0.20.50.3

We have to make decision tree for the video tech problem

Answered: game viewed as similar to Space…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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If a manager adopted both project A and project B simultaneously, the variance in returns associated with this joint project would be: Project Boom (25%) A B 18.75. 75. 30. 500. $30 -$15 Recession (75%) -$15 $20
Answer the following questions based on the Strategy Region graph given below. When probability of high settlement is 12% and the probability of medium settlement is 40%, what is the optimal strategy? When probability of medium settlement is 20%, what is the highest probability of high settlement so that the Accept strategy to be optimal?
Selecting the Appropriate Inferential Test: For each of the studies below, please identify the following (or indicate N/A "not applicable" if the feature is not relevant to the design): a) Independent Variable(s) (IVs) and # of levels for any IVs (for Correlation/Regression, identify the predictor and predicted variable rather than IV and DV) b) Dependent Variable (DV) c) Scale of Measurement for the Dependent Variable: (Nominal, Ordinal, Interval, Ratio) for Correlation/Regression please make sure you identify the scale of measurement for both variables d) Appropriate Statistical Test (If it is a Factorial ANOVA, make sure to name the design: e.g., 2 X 2, 2 X 3, etc.)
Part II. A medical clinic has collected the following data on patient category and health state of 300 patients. health state Women patient category Men Children Severe 20 30 25 Non-severe 100 75 50 One of these patients is selected at random. Let W= the patient is a woman; M = the patient is a man; C = the patient is a child; S = the patient's health state is severe; and N= the patient's health state is non-severe. 1. Find P(S n W). Are S and W mutually exclusive? Why 2. Find P(N UC).. 3. Find P(WIN). Are W and N independent? Why? (
a firm has two investment projects project A : expected profit = $ 670 SD = 175 coefficient of varience = 0.26 project B : expected profit = $700 SD = 370 coefficient of variance = 0.53 a. which project has a lower absolute risk ? b. whick project has a lower relative risk ? C . which project would you advice the firm to choose ?
Textbook exercise: A city’s status and living conditions may affect how its residents perceive their mayor and city council. Dr. Benevita has used data from Statistics Canada to rank larger metropolitan areas against each other. Focusing on unemployment rates, median household income, and crime rates, he has given Calgary an overall positive ranking (low unemployment, high income, and relatively low crime), and Winnipeg an overall negative one (mid-range unemployment, fairly low income, and very high crime). Dr. Benevita has contacted 40 residents of each city to respond to one simple question: “How competent do you believe your municipal leaders are in governing your city?” Participants rated their municipal government on a scale of -3 (completely incompetent) to +3 (completely competent). A perfectly normal distribution around the central, neutral, point would have a mean of 0 and a standard deviation of 1.66. We will use this as our comparison point to determine whether residents of…
Be sure to include r² =
Pricilla Phranklin opened her clothing store, Pricilla Phashions, in Downtown Dover a little over three years ago. Pants, skirts, blouses, and shirts have fairly consistent sales, while things like shorts, sweater and outerwear are highly seasonal. On the other hand, dresses are a little harder to predict. Pricilla is hiring you to arrive at the best forecasting method for dresses. The following table contains three years of dress sales data Year 3 Year 1 Year 2 Mont Dema Dema h nd nd nd Jan 186 217 212 Feb 222 220 245 Mar 220 239 252 Apr 356 362 376 720 May 727 757 [1] Jun 367 376 404 Jul 340 341 354 Aug 293 290 324 Sep 305 296 338 Oct 600 600 618 325 318 679 708 4613 4694 Nov Dec Total 1. 2. 3. Dema 4. 5. 356 713 Using the dress data above, calculate the following 4949 Forecast year 3 using a simple 3 period moving average Forecast year 3 Calculate a forecast using the exponential smoothing method. Assume a = 0.20 (a) Using the information you have for years 1 & 2, calculate a…
Cable TV choices: A telecommunications company provided its cable TV subscribers with free access to a new sports channel for a period of 1 month. It then chose a sample of 404 television viewers and asked them whether they would be willing to pay an extra $10 per month to continue to access the channel. A total of 35 of the 404 replied that they would be willing to pay. The marketing director of the company claims that the percentage of all of its subscribers who would pay for the channel differs from 6%. Can you conclude that the director's claim is true? Use the a=0.10 level of significance and the P-value method with the table. Part: 0 / 4 Part 1 of 4 (a) State the appropriate null and alternate hypotheses. Ho : H₁ : This hypothesis test is a (Choose one) ▼ test. Part: 1 / 4 Part 2 of 4 P-value= Part: 2 / 4 Part 3 of 4 (b) Compute the P-value. Round the answer to at least four decimal places. (c) Determine whether to reject Ho. (Choose one) Part: 3 / 4 Part 4 of 4 X (d) State a…
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You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the accompanying table. Project A B C D Multiple Choice The variance in the returns of project A is O 1,600. 900. 225. Boom (50%) $20 -$10 $ 30 $ 50 O. Recession (50%) - $ 10 $ 20 -$ 30 -$50

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