Business, 18.03.2021 01:00 hoyanna69

Mr. Denmark is thinking about either building a quadplex (a building with four apartments), building a duplex, or simply doing nothing. Mr. Denmark is also thinking about hiring his old marketing professor to conduct a marketing research study. If the study is conducted, the study could be positive or negative, but it would cost him $3,000. Mr. Denmark believes that there is a 50–50 chance that the information will be positive. If the rental market is favorable, he will earn $15,000 with the quadplex or $5,000 with the duplex. He doesn’t have the financial resources to do both. With an unfavorable rental market, however, Mr. Denmark could lose $20,000 with the quadplex or $10,000 with the duplex. Without conducting the market research study, Mr. Denmark estimates that the probability of a favorable rental market is 0.6. Based on historical data, there is a 0.8 probability that the marketing research will be positive given a favorable rental market. Moreover, there is a 0.7 probability that the marketing research will be negative given an unfavorable rental market. Of course, Mr. Denmark could forget all of these numbers and do nothing.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:50, amandajennings01

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

Answers: 1

continue

Business, 22.06.2019 20:40, MyaMya12

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005

Answers: 1

continue

Business, 22.06.2019 23:00, vipergod07

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution. a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent

Answers: 3

continue

Business, 23.06.2019 00:00, Brandon4188

Which example would the government consider as intellectual property? a. product design that contains a hologram of the logo of the company b. a copy of a famous artist’s painting in a new medium c. a plant species discovered in the united states for the first time d. a method of production that is common to an entire industry e. a discount structure offered to the customer at a store

Answers: 3

continue

You know the right answer?

Mr. Denmark is thinking about either building a quadplex (a building with four apartments), building...