(a) Formalize and visualize the decision problem in a decision matrix. (b) Formalize and visualize the decision problem in a decision tree.
(c) How much money can you expect to lose, on average, for every
2.1 If you play roulette in Las Vegas and bet on a single number, the
probability of winning is 1/38: There are 38 equally probable out-
comes of the game, viz. 1-36,0 and 00. If the ball lands on the number
you have chosen the dealer will pay you 35 times the amount betted,
and return the bet.
dollar you bet?
2.2 Formalize the follo

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk