A regional fast-food restaurant is considering an expansion program. The major factor influencing the success of such a program is the futurelevel of interest rates. It is estimated that there is a 20% chance that interest rates will increase by 2 percentage points, a 50% chance that theywill remain the same, and a 30% chance that they will decrease by 2 percentage points. The alternatives they are considering and possiblepayoffs are shown in the following table.Build 50 restaurantsBuild 25 restaurantsDo nothingRates up 2%- $220,000-$125,000- $60,000Which alternative is best, based on expected value?O They should build 50 restaurants.O They should build 25 restaurantsO They should do nothing.Rates unchanged Rates down 2%$55,000$25,000$0$151,000$83,000$5,000

A regional fast-food restaurant is considering an expansion program. The major factor influencing…

Answered: Which alternative is best, based on…

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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) The number of customers, X, arriving in a ATM in the afternoon can be modeledusing a Poisson distribution with mean 6.5.a) Compute P(Xb) Compute P(X>4).c) SD of X.
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4
a Pew research center surveyed ask adults in the United States which technology would be very hard to give up the following responses were obtained internet 70% smartphone 60% email 30% and landline 25%, If 2,000 owners of smartphones were surveyed what is the expected number that will report that it would be very hard to give up?
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