Apayoff table is given as

choices

x

y

z

states of nature

probability

a

.2

250

300

600

b

.5

750

-250

500

c

.3

500

1200

500
". a. recommend a decision for each of the following: optimistic, conservative and minimax regret. b. what is the expected payoff under uncertainty for each choice? what is the best choice? c. what is the expected payoff under certainty (making the best choice for each state of nature)? d. what is the expected opportunity loss for selecting choice z? e. what is the expe cted value of perfect information? "

An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?

From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness