Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

Sue Reynolds has to make decision if she must get information (at cost of $300,000) to invest in retail store. if she obtains information, there is a 0.45 probability that information will be favorable and 0.55 probability that information will not be favorable. If information is favorable, there is 0.9 probability that store will be success. If information is not favorable probability of successful store is only 0.2 without any information, sue evaluates that probability of successful store will be 0.6 A successful store will give return of $120,000. if store is built but is not successful, Sue will see loss of $90,000. of course, she could always make decision not to build retail store.

1) Create decision tree.
2) what do you suggest?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M932895

Have any Question? 


Related Questions in Project Management

Based on the knowledge you have gained through the readings

Based on the knowledge you have gained through the readings in this module, answer the Module Review Questions listed below. These questions were chosen to demonstrate your understanding and help you assess your progress ...

1 why is selecting appropriate target markets important to

1. Why is selecting appropriate target markets important to an organization that wants to adopt the marketing concept philosophy? 2. What is a sales forecast? Why is it important? 3. MTV Latino targets the growing Hispan ...

Write up more about the company current state for the

Write up more about the company (current state) for the corporation. This should be two page with single space. Management Consulting PROPOSAL TEMPLATE Background and Nature (Context) of the Opportunity M R Associates is ...

Assessmentnote the assessments in this course build upon

Assessment Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence. The goal of this assessment is to apply the fundamental principles of the project manage ...

Write in 450 wordswebliography contributionover the length

Write in 450 WORDS. Webliography Contribution Over the length of the course, upload three separate URL references to articles relating to current healthcare insurance and managed healthcare issues. Explain the relevance ...

What are the elements of a security program according to

What are the elements of a security program, according to NIST SP 800-14? InfoSec positions can be classified into what three areas? Describe each briefly? Describe the two overriding benefits of education, training, and ...

Analyze the importance of internal and external

Analyze the importance of internal and external sustainability audits in corporate sustainability. When should organizations catch their errors? Identify a well-known organization (or a not so well-known one) that has be ...

A unique responsibility of the pmo is assessing and

A unique responsibility of the PMO is assessing and elevating enterprise project management ability (competency, capability, and maturity), which is a function of PMO project monitoring. Differentiate between PMO PM comp ...

Assignmentlength 2 pagesproject choices1 kitchen

Assignment Length: 2 Pages Project Choices: 1. Kitchen Remodel (commercial) remodel a kitchen that is used for chefs competing in some televised broadcasts. The idea of the project preparation and renewal of a kitchen fu ...

What is planning how does an organization determine if

What is planning? How does an organization determine if planning is necessary? What are the three common levels of planning? Who are stakeholders? Why is it important to consider their views when planning? What is a valu ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

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.

Ask Now Help with Problems, Get a Best Answer

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