.) What is the expected value for profit? Fill out the table below to help you calculate the value The expected value for profit is 23 x f(x) x⋅f(x) -100 0.05 -50 0.15 0 0.30 50 0.35 100 0.12 200 0.03 E(x)=-
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c.) What is the expected value for profit? Fill out the table below to help you calculate the value
The expected value for profit is 23
|
x |
f(x) |
x⋅f(x) |
|
-100 |
0.05 |
|
|
-50 |
0.15 |
|
|
0 |
0.30 |
|
|
50 |
0.35 |
|
|
100 |
0.12 |
|
|
200 |
0.03 |
|
E(x)=-
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- A plaintiff believes that there is a 30% chance that he will winIf he wins, he will gain $50,000. It costs him $5000 in non‐recoverable litigation costs to take the case to court. If the plaintiff is risk‐neutral, which of the following is true? A) The plaintiff will take the case to court with an expected net‐gain of $10,000 B) The plaintiff will take the case to court with an expected net‐gain of $15,000 C) The plaintiff will not take the case to court because he is afraid of losing. D) None of the aboveAn investor is pondering on whether to invest in a siomai franchise or in a printing press company. He had his staff analyze the cost benefits that he would get from the two business ventures and they came up with this report. A. The siomai franchise would need Php 800 000 as capital. It has a 60-percent chance of profiting Php 400 000; a 15-percent chance of profiting Php 600 000; and 25-percent chance of losing the capital entirely. B. The paper manufacturing company would need Php 800 000 as capital. It has a 35-percent chance of earning Php 1 000 000 and a 65-percent chance of losing the capital entirely. C. Which between the two business ventures should the investor invest his Php 800 000?Q1. A farmer believes there is a 50-50 chance that the next growing season will be abnormally rainy. His expected utility function has the form Expected utility = 0.5lnYNR + 0.5lnYR Where and represent the farmers income in the state of ‘normal rain’ and ‘rainy’ respectively. Suppose the farmer must choose between two crops that promise the following income prospects Crop YNR YR Wheat $83,000 $10,000 Maize $83,000 $15000 What mix of wheat and maize would provide maximum expected utility to this farmer?
- In the table below x denotes the X-Tract Company’s projected annual profit (in $1,000). The table also shows the probability of earning that profit. The negative value indicates a loss. x f(x) x = profit -100 0.01 f(x) = probability -200 0.04 0 100 0.26 200 0.54 300 0.05 400 0.02 8 What is the expected value of profit? a $136 b $142 c $148 d $154Describe a decision your company has madewhen facing uncertainty. Compute the expectedcosts and benefits of the decision. Offer adviceon how to proceed. Compute the profit conse-quences of the advice.A die is rolled. If it rolls to a 1 or 2, you win 2 USD. If it rolls to a 3, 4, 5, or 6, you will lose 1 USD. What is the expected payoff from rolling this die? a.1 USD b.0.50 USD c.0 USD d.0.25 USD
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