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

I love juliet and i know that juliet loves me but i do not

I love Juliet, and I know that Juliet loves me, but I do not know if Juliet knows that I love her. Provide an Aumann model of incomplete information that describes this situation, and specify a state of the world in that ...

Two population meansa tomato farmer with a very large farm

Two Population Means A tomato farmer with a very large farm of approximately 2200 acres had heard about a new type of rather expensive fertilizer which would supposedly significantly increase his production. The frugal f ...

Joshua and his army are planning to circle jericho seven

Joshua and his army are planning to circle Jericho seven times. Will the wall come tumbling down? The king of Jericho reports that: I ascribe probability 0.8 to "the wall of the city will fall, and Joshua ascribes probab ...

Roger reports i ascribe probability 03 to the philadelphia

Roger reports: I ascribe probability 0.3 to "the Philadelphia Phillies will win the World Series next year, Chris ascribes probability 0.4 to their winning the World Series and to me ascribing probability 0.4 that they w ...

Two divisions of napoleons army are camped on opposite

Two divisions of Napoleon's army are camped on opposite hillsides, both overlooking the valley in which enemy forces have massed. If both divisions attack their enemy simultaneously, victory is assured, but if only one d ...

Probabilities of graduation and publicationprofessors have

Probabilities of Graduation and Publication Professors have hundreds of students in their classes each year. Some professors teach only upper division courses to students who are in their major course of study. Of this g ...

A gallup poll claims that at least 60 of adults in the

A Gallup poll claims that at least 60% of adults in the United States have used the Internet for shopping. In a survey of 1,025 randomly selected adults in the U.S., 678 said that they have used the Internet for shopping ...

At a factory that produces pistons for cars machine 1

At a factory that produces pistons for cars, Machine 1 produced 711satisfactory pistons and 79 unsatisfactory pistons today. Machine 2 produced 630 satisfactory pistons and 270 unsatisfactory pistons today. Suppose that ...

1 what is a factorial design why are factorial designs used

1. What is a factorial design? Why are factorial designs used more frequently than one-way designs? 2. How many independent variables are involved in a 3 x 3 factorial design? How many levels are there of each variable? ...

1 why do researchers care how much variability exists in a

1. Why do researchers care how much variability exists in a set of data? 2. Distinguish between descriptive and inferential statistics. 3. Conceptually, what does the variance tell us about a set of data?

  • 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