p5.. Hong Gyu-ju is 20x1.4. In 1, Hwan-Gyu Co., Ltd.'s sudden increase in quantity led to a contract for a construction contract to build a product storage warehouse within 2 months for 5,000,000. Warehouse construction is completed according to the specifications specified in the contract, but if you shorten two weeks, you receive a 30% bonus on the contract amount for the construction, and if you shorten one week, you receive a bonus of 10%. Hongkyu Co., Ltd. reports that the probability of shortening the completion period by two weeks is 20%, the probability of shortening by one week is 30%, and the probability of completion by the contract period is 50%. What is the expected transaction price when using each of the following methods? 1. Expected Value Method 2. Highest Probability Amount Method
p5.. Hong Gyu-ju is 20x1.4. In 1, Hwan-Gyu Co., Ltd.'s sudden increase in quantity led to a contract for a construction contract to build a product storage warehouse within 2 months for 5,000,000. Warehouse construction is completed according to the specifications specified in the contract, but if you shorten two weeks, you receive a 30% bonus on the contract amount for the construction, and if you shorten one week, you receive a bonus of 10%. Hongkyu Co., Ltd. reports that the probability of shortening the completion period by two weeks is 20%, the probability of shortening by one week is 30%, and the probability of completion by the contract period is 50%. What is the expected transaction price when using each of the following methods? 1. Expected Value Method 2. Highest Probability Amount Method
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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p5..
Hong Gyu-ju is 20x1.4. In 1, Hwan-Gyu Co., Ltd.'s sudden increase in quantity led to a contract for a construction contract to build a product storage warehouse within 2 months for 5,000,000. Warehouse construction is completed according to the specifications specified in the contract, but if you shorten two weeks, you receive a 30% bonus on the contract amount for the construction, and if you shorten one week, you receive a bonus of 10%. Hongkyu Co., Ltd. reports that the probability of shortening the completion period by two weeks is 20%, the probability of shortening by one week is 30%, and the probability of completion by the contract period is 50%. What is the expected transaction price when using each of the following methods?
1. Expected Value Method
2. Highest Probability Amount Method
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