Nick has plans to open some pizza restaurants, but he is not sure how many to open. He has prepared a payoff table to help analyze the situation.AlternativesOpen 1Open 2Do NothingStates of NatureGoodMarket380,000200,0000FairPoorMarket Market70,000-400,00080,000-200,00000As Nick does not know how his product will be received, he assumes that all three states of nature are equally likely to occur. If he uses the equally likely criterionwhat decision would he make?

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Answered: Nick has plans to open some pizza…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A multinational corporation is considering starting a subsidiary in an Asiancountry. Management realizes that the success of the new subsidiary depends, in part,on the ensuing political climate in the target country. Management estimates that theprobability of success (in terms of resulting revenues of the subsidiary during its firstyear of operation) is 0.55 if the prevailing political situation is favorable, 0.30 if thepolitical situation is neutral, and 0.10 if the political situation during the year is unfavorable. Management further believes that the probabilities of favorable, neutral, andunfavorable political situations are 0.6, 0.2, and 0.2, respectively. What is the successprobability of the new subsidiary?
Investing: Lesser-Known Stocks The following question is based on the following information about the stocks of Whitestone REIT, HCC Insurance Holdings, Inc., and SanDisk Corporation.† Price($) Dividend Yield(%) WSR(WSR Whitestone REIT) 16 7 HCC(HCC Insurance Holdings, Inc.) 56 2 SNDK(SanDisk Corporation) 80 2 You invested a total of $14,400 in shares of the three stocks at the given prices, and expected to earn $328 in annual dividends. If you purchased a total of 250 shares, how many shares of each stock did you purchase? having trouble solving i have set up as x+y+z=250 16x+56y+80z=14,400 .7(16x)+.2(56y)+.2(80z)=248
The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable costs (cleaning, bathroom items, etc.) each night a room is occupied. For each reservation accepted, there is a 5% chance that the guest will not arrive. If the hotel overbooks, it costs $200 to compensate guests whose reservations cannot be honored. How many reservations should the hotel accept if it wants to maximize the average daily profit?
See attachment 11.3 6
Investment Analysis You have $5000 to invest for 1 year. Fund A has an estimated 4% annual return, and Fund B has an estimated 10% annual return. Fund A is more stable, and preferred among investors with low risk tolerance. Fund B is less stable, but has larger returns. Answer the following questions about this investment opportunity. Suppose you have a medium risk-tolerance, and you want an annual return of $355. You decide to invest part in Fund A and the rest in Fund B. How much do you need to invest in Fund A? $ . Round to the nearest cent. Thanks!!!!!!!
Refer to the following payoff table: State of Nature Alternative S1 S2 A1 75 −40 A2 0 100 Prior Probability 0.6 0.4 There is an option of paying $100 to have research conducted to better predict which state of nature will occur. When the true state of nature is S1, the research will accurately predict S1 60% of the time. When the true state of nature is S2, the research will accurately predict S2 80% of the time. What is the posterior probability of S1 given that the research predicts S1? Multiple Choice: 0.18 0.82 0.57 0.44 0.65
Investing: Lesser-Known Stocks The following question is based on the following information about the stocks of Whitestone REIT, HCC Insurance Holdings, Inc., and SanDisk Corporation.t WSR (WSR Whitestone REIT) HCC (HCC Insurance Holdings, Inc.) SNDK Price ($) shares shares shares 16 56 80 Dividend Yield (%) 7 2 2 (SanDisk Corporation) You invested a total of $8,400 in shares of the three stocks at the given prices, and expected to earn $248 in annual dividends. If you purchased a total of 200 shares, how many shares of each stock did you purchase? WSR HCC SNDK
Please see attachment and type out the correct answer ASAP with proper explanation of each option given below. I'll give upvote only for the correct answer so

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