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How do you use the EMV to do this? Let me show you... Here's your grid: Your Choices: o Build the factory o Don't build the factory Probabilities • -$100,000 • -$85,000 • -$55,000 • -$115,000 Outcomes -$165,000 Good Economy Bad Economy • -$105,000 • -$75,000 A C P1 B D • • -$45,000 -$110,000 P2 1. From the following choices, randomly pick how much money you would make if you chose to build the factory and things went well. (You can't go wrong with any choice; just pick one.) Put that amount in Box "A." (value: 5 points) Box "A" choices 3. Put zeroes ("0") in Boxes "C" and "D" because you aren't doing anything that would let make or lose money. (value: 5 points) 4. Choose one of the possible combinations of probabilities. (Again, just choose one of these nine choices; you can't go wrong.) Put the value of P1 (the chance of a good economy) in Box "P1." Put the value of P2 (the chance of a bad economy) in Box "P2." (Note how both numbers always add to 100%.) (value: 5 points) Choices for Box P1 and Box P2 • $100,000 . $75,000 ⚫ $50,000 • $125,000 ⚫ $65,000 • $200,000 • $105,000 • • $90,000 $45,000 2. From the following menu, pick how much money you would lose if you chose to build and the economy went down. (As with Step 1, you can't go wrong with any choice; just pick one.) Put that amount in Box "B." NOTE: Notice that all of these values in Box B are negative: be sure and put the negative number in your calculations! (value: 5 points) Box "B" choices • P1=75% P2 = 25% • P1=55% P2=45% • P1=66% P2 = 349 • P1=70% P2 = 30% • P1=50% P2 = 50% • P1=40% P2 = 60% • P1=10% P2=90% • P1=45% P2=55% • P1=25% P2 = 75%

How do you use the EMV to do this? Let me show you... Here's your grid: Your Choices: o Build the factory o Don't build the factory Probabilities • -$100,000 • -$85,000 • -$55,000 • -$115,000 Outcomes -$165,000 Good Economy Bad Economy • -$105,000 • -$75,000 A C P1 B D • • -$45,000 -$110,000 P2 1. From the following choices, randomly pick how much money you would make if you chose to build the factory and things went well. (You can't go wrong with any choice; just pick one.) Put that amount in Box "A." (value: 5 points) Box "A" choices 3. Put zeroes ("0") in Boxes "C" and "D" because you aren't doing anything that would let make or lose money. (value: 5 points) 4. Choose one of the possible combinations of probabilities. (Again, just choose one of these nine choices; you can't go wrong.) Put the value of P1 (the chance of a good economy) in Box "P1." Put the value of P2 (the chance of a bad economy) in Box "P2." (Note how both numbers always add to 100%.) (value: 5 points) Choices for Box P1 and Box P2 • $100,000 . $75,000 ⚫ $50,000 • $125,000 ⚫ $65,000 • $200,000 • $105,000 • • $90,000 $45,000 2. From the following menu, pick how much money you would lose if you chose to build and the economy went down. (As with Step 1, you can't go wrong with any choice; just pick one.) Put that amount in Box "B." NOTE: Notice that all of these values in Box B are negative: be sure and put the negative number in your calculations! (value: 5 points) Box "B" choices • P1=75% P2 = 25% • P1=55% P2=45% • P1=66% P2 = 349 • P1=70% P2 = 30% • P1=50% P2 = 50% • P1=40% P2 = 60% • P1=10% P2=90% • P1=45% P2=55% • P1=25% P2 = 75%

MATLAB: An Introduction with Applications
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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Hello, may i have an example on how to do the attached? to have something to study?

How do you use the EMV to do this? Let me show you... Here's your grid: Your Choices: o Build the factory o Don't build the factory Probabilities • -$100,000 • -$85,000 • -$55,000 • -$115,000 Outcomes -$165,000 Good Economy Bad Economy • -$105,000 • -$75,000 A C P1 B D • • -$45,000 -$110,000 P2 1. From the following choices, randomly pick how much money you would make if you chose to build the factory and things went well. (You can't go wrong with any choice; just pick one.) Put that amount in Box "A." (value: 5 points) Box "A" choices 3. Put zeroes ("0") in Boxes "C" and "D" because you aren't doing anything that would let make or lose money. (value: 5 points) 4. Choose one of the possible combinations of probabilities. (Again, just choose one of these nine choices; you can't go wrong.) Put the value of P1 (the chance of a good economy) in Box "P1." Put the value of P2 (the chance of a bad economy) in Box "P2." (Note how both numbers always add to 100%.) (value: 5 points) Choices for Box P1 and Box P2 • $100,000 . $75,000 ⚫ $50,000 • $125,000 ⚫ $65,000 • $200,000 • $105,000 • • $90,000 $45,000 2. From the following menu, pick how much money you would lose if you chose to build and the economy went down. (As with Step 1, you can't go wrong with any choice; just pick one.) Put that amount in Box "B." NOTE: Notice that all of these values in Box B are negative: be sure and put the negative number in your calculations! (value: 5 points) Box "B" choices • P1=75% P2 = 25% • P1=55% P2=45% • P1=66% P2 = 349 • P1=70% P2 = 30% • P1=50% P2 = 50% • P1=40% P2 = 60% • P1=10% P2=90% • P1=45% P2=55% • P1=25% P2 = 75%
Transcribed Image Text:How do you use the EMV to do this? Let me show you... Here's your grid: Your Choices: o Build the factory o Don't build the factory Probabilities • -$100,000 • -$85,000 • -$55,000 • -$115,000 Outcomes -$165,000 Good Economy Bad Economy • -$105,000 • -$75,000 A C P1 B D • • -$45,000 -$110,000 P2 1. From the following choices, randomly pick how much money you would make if you chose to build the factory and things went well. (You can't go wrong with any choice; just pick one.) Put that amount in Box "A." (value: 5 points) Box "A" choices 3. Put zeroes ("0") in Boxes "C" and "D" because you aren't doing anything that would let make or lose money. (value: 5 points) 4. Choose one of the possible combinations of probabilities. (Again, just choose one of these nine choices; you can't go wrong.) Put the value of P1 (the chance of a good economy) in Box "P1." Put the value of P2 (the chance of a bad economy) in Box "P2." (Note how both numbers always add to 100%.) (value: 5 points) Choices for Box P1 and Box P2 • $100,000 . $75,000 ⚫ $50,000 • $125,000 ⚫ $65,000 • $200,000 • $105,000 • • $90,000 $45,000 2. From the following menu, pick how much money you would lose if you chose to build and the economy went down. (As with Step 1, you can't go wrong with any choice; just pick one.) Put that amount in Box "B." NOTE: Notice that all of these values in Box B are negative: be sure and put the negative number in your calculations! (value: 5 points) Box "B" choices • P1=75% P2 = 25% • P1=55% P2=45% • P1=66% P2 = 349 • P1=70% P2 = 30% • P1=50% P2 = 50% • P1=40% P2 = 60% • P1=10% P2=90% • P1=45% P2=55% • P1=25% P2 = 75%
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