Expected value

Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision. The author of this paper decides to start a business that would involve either selling ice-cream, selling hot dogs, or selling cotton candy from his vending machine that he will set up in the local park whilst regular baseball games are being played. The definitive factor is the weather and he is not sure what he weather will be like. There is therefore a probability associated

associated with this outcome is a fixed cost of $650,000 for editorial, publicity, and camera proofs and a variable cost of $5 per copy for incremental, distribution and printing costs. Expected revenue (Possible weighted revenue) Before we calculate the expected revenue we must compute the weighted (expected) sales projection which is the summation of all the sales projection multiplied by the probable percentages attached to it respectively.

Unit 3, Key Questions MDM4U-B Lesson 11 42.a) ii): equal to about half. There are 26 red cards out of a deck of 52 playing cards. Therefor the theoretical chance of drawing a red card is . b) i): equal to about 1. The sun shines all year round, including the summer. Even though you may not be able to see the sun cause it’s hidden behind clouds it’s still shining. c) iii): equal to about 0. When you roll two dice, it is impossible to roll a sum of 1. The lowest sum you can roll with two dice is

they expected the leasing agreement before December 2001. Unfortunately, a group of conservationists had filed a

Now, in this presentation, my topic is What does research tell us about how to create a successful business analytics program? And What realistic expectations should we have concerning the predictive capability of business analytics. At the end of 20th century, Fortune magazine published an article named “Why CEOs Fail” (Charan & Colvin 1999). It said “The problem is that our age’s fascination with strategy and vision feeds the mistaken belief that developing exactly the right strategy will enable

regard to the slope? The slope is zero for the high investment strategy because the variable cost of low investment does not affect it. The slope of the low investment strategy is negative. As the variable cost of the low investment increases, the expected value decreases. 10.5 a, b, d and F – a) Calculate the net profit of each combination of decision and competitor action. Down Home opens a drive-thru with no competition: $84,000 Down Home opens a drive-thru with competition: $44,000 Down

in what direction their chance events are and what their values in terms of profits and losses are for each of the two tooling alternatives, also visualize the outcomes of different prospects

are the starting point for determining the company’s budget. Standard costs are associated with a company 's costs of direct materials, direct labor, and overhead. Instead of assigning the actual costs to a product, companies tend to assign an expected or standard cost to the product. Therefore when goods are sold, the amount will reflect the standard cost not the actual product cost. It also serves as a measure of efficiency of the production process, since, when compared to the actual cost

qualities progressed throughout the story, society’s expectation of a leader changed. In the beginning society’s expectation of a leader was based on appearance, but as the story went on he still resorted to society's old expectations while society expected a leader that was for the things they wanted to do, rather than physical features. In view of the fact that Ralph was chosen for his appearance at first, he did not meet the expectations placed on him because of the change in society’s expectations

1. TABLE SHOWING GENDER-WISE DISTRIBUTION OF HYUNDAI USERS GENDER NO.OF. RESPONDENTS PERCENTAGE MALE 79 79 FEMALE 21 21 INTERPRETATION Study conducted under Hyundai motors includes most of male respondents. In the sense that up to 79 per cent are male and remaining 21% are female. 2. TABLE SHOWING AGE GROUP AGE GROUP NO.OF.RESPONDENTS PERCENTAGE BELOW 20 0 0 20-40 68 68 40&ABOVE 32 32 INTERPRETATION It has been observed from the study that 68% of people fall under the age group of