Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Project Management Expert

Q1) Sue Reynolds has to decide if she should get information (at cost of $300,000) to invest in retail store. if she gets the information, there is a 0.45 probability that the information will be favorable and a 0.55 probability that the information will not be favorable.If the information is favorable, there is a 0.9 probability that the store will be a success. If the information is not favorable the probability of a successful store is only 0.2 without any information, sue estimates that the probability of a successful store will be 0.6 A successful store will give a return of $120,000. if the store is built but is not successful,Sue will see a loss of $90,000. of course, she could always decide not to build the retail store.

1) construct a decision tree.

2) what do you recommend?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M9214696

Have any Question?


Related Questions in Project Management

Reflect on kotters 2007 steps for establishing a strategic

Reflect on Kotter's (2007) steps for establishing a strategic vision and buy-in for change. Describe how that framework can be applied to your strategic initiatives withinproject. Provide thoughts on how this could impro ...

Advanced project risk managementaimthe aim of this

Advanced Project Risk Management Aim: The aim of this assignment is to: demonstrate the understanding of Decision Tree/Expected Monetary Value and the use of the software Precision Tree schedule a project using Oracle Pr ...

As a project manager answer these questions1 a how does the

As a project manager answer these questions, 1) a. How does the weighted scoring approach avoid the drawbacks of the NPV approach? b. Can the two approaches be combined? if so How? How are you going to apply this piece o ...

What are the advantages and disadvantages of cost of poor

What are the advantages and disadvantages of Cost of Poor Quality (COPQ)?

What is the current state or condition of information

What is the current state or condition of Information Technology Project Management? What are the challenges and complexities faces by many IT Project Managers of today?

Topic - identifying the ways to overcome the communication

Topic - Identifying the ways to overcome the communication barriers of international project management students at central Queensland University. Literature review (1000 words) References would be needed in this section ...

Case study and research project clairicationfinding a case

Case Study and Research Project Clairication Finding a case for the research project does not mean that you are limited to the company identified in the case. Rather it is to identify an issue identified in the case that ...

1 what are the limitations in a scrum-of-scrum approach2

1: What are the limitations in a scrum-of-scrum approach? 2: why are corporate culture and values so important to successfully implement an agile project management approach? 3: Can you explain the situation where we mig ...

Critical analysis reportthis is a group assessment for face

Critical Analysis Report This is a group assessment for face to face students and individual assessment for distance students The primary purpose of this assessment is to help you to develop and demonstrate your skills i ...

Course - project managementproject environment amp planning

Course - Project Management "Project Environment & Planning (PEP1)" Basic essay structure An essay is a piece of continuous, flowing, paragraphed text that is (usually) uninterrupted by headings, so it can appear to be u ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As