+1-415-315-9853

info@mywordsolution.com

## Statistics

describe expected profit using decision tree:

ING's Consulting Solution division has been loomed by the North Carolina Regional Airport Authority about a difficult problem with overcrowding at the Charlotte airport there are three different options under consideration:

1. The airport could be completely redesigned and rebuilt at a cost of \$8.2M. The present value of amplified revenue from a new airport is in problem. There is a 70% probability that this present value would be \$11.0M, a 20% probability the present value would be \$5.0M, and a 10% probability that the present value would be \$1.0M contingent on whether the new airport is a success a moderate success or a failure.

2. The airport could be remodelled with a new runway for a cost of \$4.7M. The present value of the amplified revenue would be \$6 0M (with a probability of 0.8) or \$3.0M (with a probability of 0.2).

3. They could do nothing with the airport as well as suffer a loss of revenue of either \$1 .OM (65% chance) or \$4.0M (35% chance).

Draw a decision tree as well as select the option that will maximize the present value.

Statistics and Probability, Statistics

• Category:- Statistics and Probability
• Reference No.:- M923455

Have any Question?

## Related Questions in Statistics and Probability

### Mechanics hardware needs to accumulate 41000 in 3 years to

Mechanic's Hardware needs to accumulate \$41,000 in 3 years to purchase new equipment. What sinking fund payment would they need to make at the END of each month, at 6% interest compounded monthly? (Use Table 12-1 from yo ...

### 1 what is an interaction2 how many interactions can be

1. What is an interaction? 2. How many interactions can be tested in a 2 x 2 design? In a 3 x 3 design? In a 2 x 2 x 3 design? 3. Why do researchers use expericorr designs?

### What is voter suppression in america write one page

What is voter suppression in America. Write one page explaining voter's suppression.

### Bag i contains 3 white objects and 4 black objects and bag

Bag I contains 3 white objects and 4 black objects, and Bag II contains 2 white and 6 black objects. a) You pick an object randomly from Bag I and place it into Bag II. Next you pick an object randomly from Bag II. What ...

### Onenbspstudy based on responses from 1015 randomly

One study, based on responses from 1,015 randomly selected teenagers, concluded that 44% of teenagers cite grades as their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than half ...

### 1 here are several situations in which there is an

1. Here are several situations in which there is an incorrect application of the ideas in statistical inference. Write a sentence or two in each case explaining what is wrong and why it is wrong. (a) A significance test ...

### Suppose that fara is preferred by every man to all the

Suppose that Fara is preferred by every man to all the other women. Prove that under every stable matching Fara is matched to the same man. Who is the lucky guy?

### Packages of sugar bags for sweeter sugar inc have an

Packages of sugar bags for Sweeter Sugar Inc. have an average weight of 10 ounces and a standard deviation of 0.2 ounces. The weights of the sugar bags are normally distributed. What is the probability that 16 randomly s ...

### At a school pep rally a group of sophomore students

At a school pep rally, a group of sophomore students organized a free raffle for prizes. They claim that they put the names of all the students in the school in the basket and that they randomly drew 36 names out of this ...

### According to a recent poll 29 of adults in a certain area

According to a recent poll, 29% of adults in a certain area have high levels of cholesterol. They report that such elevated levels "could be financially devastating to the regions healthcare system" and are a major conce ...

• 13,132 Experts

## Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

### WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

### Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

### Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

### Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

### Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro