skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

Question description

Assignment 2: Probability Analysis
A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility. The company has collected information on the payoffs. It now has to decide which option is the best using probability analysis, the decision tree model, and expected monetary value.
Options:
FacilityDemand OptionsProbabilityActionsExpected Payoffs     LargeLow Demand0.4Do Nothing($10) Low Demand0.4Reduce Prices$50 High Demand0.6 $70     SmallLow Demand0.4 $40 High Demand0.6Do Nothing$40 High Demand0.6Overtime$50 High Demand0.6Expand$55 

Determination of chance probability and respective payoffs:
Build Small: Low Demand0.4($40)=$16High Demand0.6($55)=$33  Build Large: Low Demand0.4($50)=$20High Demand0.6($70)=$42Determination of Expected Value of each alternative Build Small: $16+$33=$49 Build Large: $20+$42=$62
Click here for the Statistical Terms review sheet.
Submit your conclusion in a Word document to the M4: Assignment 2 Dropbox by Wednesday, August 10, 2016.
Assignment 2 Grading Criteria Maximum PointsThe diagram is accurate and labeled correctly. The diagram clearly illustrates the sequence of events and their probability of occurrences.32A step-by-step breakdown of the calculations for the chance of probability and respective payoff is clearly communicated. The results of the calculations are accurate.28A step-by-step breakdown of the calculations for expected value is clearly communicated. The results of the calculations are accurate.20Clear and concise statement explaining the decision and a description of elements that lead to the decision.20Total:100 
Attachments: 

bus499_-_statisticalterms.docx

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don't hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®

Back To Top