Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Probability by means of expected values.

The ABC Co. is considering a fresh consumer product. They trust that the XYZ Co. may come out with a competing product. If ABC adds an assemblage line for the product and XYZ doesn't follow with a competitive product their expected profit is $40,000 if they add an assembly line and XYZ does follow they still expected a $10,000 profit. If ABC adds a new plant addition and XYZ doesn't produce a competitive product they expect a profit of $600,000 If XYZ does compete for this market, ABC expects a loss of $100,000. For what value of probability that XYZ will suggestion a competing product will ABC be indifferent between the alternatives?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923448

Have any Question? 


Related Questions in Statistics and Probability

The percentage of people with advanced degrees is 165 on

The percentage of people with advanced degrees is 16.5% on average if 1000 people are randomly selected what is the probability that the percentage of these poeple with advanced degrees is between 17% and 18.5%?

Suppose that a population of size 3n is partitioned into

Suppose that a population of size 3n is partitioned into three subsets: n contractors, n carpenters, and n plumbers. Each person in this population has two preference relations: a preference relation over each one of the ...

The amount of time people spend in a clothing store is

The amount of time people spend in a clothing store is normally distributed with a mean of 18 mins and SD of 4 mins. If a sample of 20 customers is randomly selected. what is this probability they will spend more than 20 ...

1 what is a restricted range and what effect does it have

1. What is a restricted range, and what effect does it have on correlation coefficients? How would you detect and correct a restricted range? 2. How do we know whether a particular score is an outlier?

Through the feasted landscapes sustainability in american

Through the Feasted Landscapes Sustainability in American Topics, Chapter "The Work of the U.S. Sanitary Commission (1864)": 1. At first, who resisted civilian participation in providing food supplies and medical assista ...

Consumer reports provided extensive testing and ratings for

Consumer Reports provided extensive testing and ratings for more than 100 HDTVs. An overall score, based primarily on picture quality, was developed for each model. In general, a higher overall score indicates better per ...

Statistics assignmentquestions address all of the following

Statistics Assignment Questions: Address all of the following questions in a brief but thorough manner. • What are the most common measures of central tendency? Include brief definitions for the common measures of centra ...

If the difference between two means is not statistically

If the difference between two means is not statistically significant, how certain are you that the independent variable really does not affect the dependent variable?

Research objectives to explore correlations between reward

Research Objectives To explore correlations between reward systems and team work attributes in the Saudi Arabian bank sector To explore relationships between reward systems and team work effectiveness in the Saudi Arabia ...

A box contains 3 plain pencils and 5 pens a second box

A box contains 3 plain pencils and 5 pens. A second box contains 9 color pencils and 3 crayons. One item from each is chosen at random, what is the probability that a pen from the first box and a crayon from the second b ...

  • 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