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

Project management- international project and project

Project Management- : International Project and Project Oversight The Project Management Maturity Model (PM3) is a model that allows us to describe our organization's functioning level related to Project Management pract ...

Project management life cycle modeldevelop a report

Project Management Life Cycle Model Develop a report utilizing the Project Management Life Cycle (PMLC) model ((initiation, planning, execution, and closure), and reporting it to your client. Also, prepare a summary anal ...

In the project management world all project managers want

In the project management world, all project managers want to be able to claim they were on time and on budget with respect to projects that they have completed. Search the Internet and retrieve a case study of a project ...

Your ceo is a visionary who wants you to transform the way

Your CEO is a visionary who wants you to transform the way the company conducts business. She is fascinated by computer software for project management and requires that you conduct a SWOT analysis of this service in rel ...

Theeggbot project according to the youtube video from the

TheEggBot project, according to the YouTube video from the reference, it is slow and shaky. We assume it was poorly designed so it ended up with shakiness. In addition, we think the slowness is a result of the programing ...

Individual assignment risk driversrisk assessment and risk

Individual Assignment: Risk Drivers Risk assessment and risk management are used to identify and mitigate risk drivers. A risk driver is a situation in a project from which project risks can arise. Identifying risk drive ...

Agile project managementproject title us homeland security

Agile Project Management Project Title: U.S. Homeland Security Biohazard Incident Tracking and Coordination System (BITCS). Brief Description: XYZ has just won a contract with the federal government to put in place a sta ...

Assignment - reflection writingquestion 1in module 1 the

Assignment - Reflection Writing (Question 1): In Module 1, the first required assignment asked you to examine the course and relate it to a current, real-world event or recent news story. Based on what you have learned i ...

1 write short notes ona role of project sponsorsb

1. Write short notes on: a. Role of project sponsors b. Importance of project budget c. Debt financing d. Financial feasibility of a project 2. Describe the Engineering, Procurement Construction (EPC) contract. 3. Explai ...

Assignment discussion questionimportant note discussion

Assignment: Discussion Question Important note: Discussion questions in this course use a case study that is found in Doc Sharing area in the file named "Project Management Case.docx." It is strongly recommended that you ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate