Answer Happy

The following is a payoff table that was developed to help a person choose between two investment alternatives Probability Alternative #1 Alternative #2 0.6 Good Economy 10,000 5,000 The expected value of perfect information is O 7,600 O 2,400 O 600 O 5,200 0.4 Poor Economy -2,000 4,000
The following is a payoff table giving profits for various situations. States of Nature B 120 130 100 0 Alternatives Alternative 1 Alternative 2 Alternative 3 A 90 120 145 0 с 180 80 50 0 Do Nothing The probabilities for states of nature A, B, and C are 0.4, 0.5, and 0.1, respectively. If a person selected Alternative 1, what would the expected profit be? O a. 114 O b. 135 O c. 150.4 O d. 180 Oe. none of the above
As one reduces the number of periods used in the calculation of a moving average, O more emphasis is placed on more recent data. O less emphasis is placed on more recent data. O the emphasis placed on more recent data remains the same O one is usually looking for a long-term prediction.
QUESTION 8 Daily demand for newspapers for the last 10 days has been as follows (chronologically from old to recent): 12, 13, 16, 15, 12, 18, 21, 18, 24, 30 Forecast sales for the next day, i.e. day 11, using a three-day weighted moving average where the weights are 5, 3, and 2 a. 12.83 Ob. 13.64 O c. 14.0 Od. 25.8