Modern Electronics complete solutions correct answers key
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Modern Electronics complete solutions correct answers key
Modern Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Modern Electronics is considering building a new facility but the estimated profits would be impacted by the type of market that develops. The probability for a strong market is 0.4; for a fair market is 0.4; and for a poor market is 0.2. You are responsible for advising the president of Modern Electronics on the type facility that should be built or to not build a facility at all. The table shows the estimated profits under each market and for each size facility.
Estimated Profits
Strong Market
Fair Market
Poor Market
Build a large facility
550,000
150,000
-500,000
Build a medium-size facility
500,000
125,000
-150,000
Build a small facility
250,000
75,000
-25,000
Do not build a facility
0
0
0
1. What is your recommendation to the president based on expected value that maximizes profits (EMV).
2. Provide a second recommendation to the president that minimizes regret.
[Solved] Modern Electronics complete solutions correct answers key
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- Submitted On 25 May, 2016 02:58:20
- Vpqnrqhwk
- Rating : 40
- Grade : A+
- Questions : 2
- Solutions : 1079
- Blog : 0
- Earned : $19352.58
Modern Electronics complete solutions correct answers key
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