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

1 how do efficiency and effectiveness metrics differ2 what

1. How do efficiency and effectiveness metrics differ? 2. What are some commonly used infrastructurecentric metrics? 3. What are some commonly used Web-centric metrics?

Part 1 service level agreementit is suggested that the

Part 1: Service Level Agreement It is suggested that the project you select be manageable in scope and not overly complex. You will assume that the objectives and scope of the project you have selected have been vetted a ...

A local health club is running a promotional campaign that

A local health club is running a promotional campaign that promises you can lose an inch a month off your waist if you join the club and follow its program. How might this claim cause a communications gap? What should th ...

Two long cylinders of radii r1nbsp 10 mm and r2nbsp 13 mm

Two long cylinders of radii R 1  = 10 mm and R 2  = 13 mm, in frictionless contact with their axes parallel to each other, are pressed together with a force per unit length, F = 3,200 N/mm. Determine the semi-contact len ...

This assignment should meet the following learning

This assignment should meet the following learning outcomes: Demonstrate knowledge and understanding of Project Management Principles including how to define the project. Evaluate the strategies and understand the constr ...

The metro police department has partitioned the city into

The Metro Police Department has partitioned the city into four quadrants. The department has 20 police patrol cars available for each shift per day to assign to the quadrants. The depart- ment wants to assign patrol cars ...

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 ...

Choose any commercial passenger or freight airline next go

Choose any commercial passenger or freight airline. Next, go to their website. Select one market segment and answer the following in regards to their marketing mix. 1. What is the specific product or service you chose? 2 ...

A force 12 kn is gradually applied and then removed at the

A force 12 kN is gradually applied and then removed at the end of an elastoplastic bar. When the yield stress of the material is 100 MPa, calculate plastic strains and tip displacement after removing the applied force. U ...

1 what are the major stages in the consumer buying decision

1. What are the major stages in the consumer buying decision process? Are all these stages used in all consumer purchase decisions? Why or why not? 2. What are the categories of situational factors that influence consume ...

  • 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