Two bookstores are competing for customers. both bookstores can decide to offer discounts to attract more customers. bookstore-a has a 30% probability of offering a discount. the probability that bookstore-b will offer a discount is unknown, and is represented by p. the payoffs for the bookstores depending on whether discounts are offered are listed as follows. bookstore-a finds that the expected payoffs are the same whether the discount is offered or not. bookstore-b also realizes that its expected payoff is identical whether the discount is offered or not.
find payoff value x and probability level p.

At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the above

Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?