The president of a computer company must decide whether to place the company's new laptop on the market now or wait another year and continue with product testing.


The company's employees inform the president that if he releases the laptop now and no competitive devices enter the market, there will be a profit of $120,409.00; however, if he releases the laptop now and a competitive device enters the market, there will only be a small profit of $29,698.00. The company's employees also inform the president that if he waits another year and no competitive device enters the market, there will be a profit of $84,742.00; however, if he waits another year and a competitive device enters the market, there will be a loss of $59,396.00.


Suppose the company determines that there is a 22% chance that a competitive device will enter the market. What should the president do to maximize the expected profit over the next year?

Answers

Answer 1

Answer:

The president should release the new laptop now

Step-by-step explanation:

The profit if the new laptop is released now and no competitive device enters the market = $120,409.00

The profit if the new laptop is released now and a competitive device enters the market = $29,698

The profit if the new laptop is released in a years time and no competitive device enters the market = $84,742.00

The loss if the new laptop is released in a years time and a competitive device enters the market = $59,396.00

The chance that a competitive device will enter the market = 22%

∴ The chance that a competitive device will not enter the market = 1 - 22% = 78%

The expected increase in profit the company can make, compared to next year, if the new laptop is released and no competitive device enters the market = ($120,409.00 - $84,742.00) × 78% = $27,820.26

The expected increase in profit the company can make, compared to next year, if the new laptop is released and a competitive device enters the market = ($29,698.00 - $59,396.00)×0.22 = ($6,533.56) loss

Therefore, to maximize the expected profit over the next year, the president should release the new laptop now to make an expected profit of $27,820.26 over the next year.


Related Questions

If Mr. Donahue bought 10 cookies for $8.00. At this rate, how much
would it cost for 25 cookies?

Answers

31.25 is the answer lalalaalallala I need 20 characters to post this answer lalallalaalla

Answer:

The answer is $20.

Step-by-step explanation:

The way we find how much each cookie is is by dividing 8 by 10. We get 0.8. So now we know each cookie costs 80 cents. So, for 25 cookies, all we need to do is multiply 25 and 0.8. When multiplied, you get the answer $20.

Simplify the expression by combining like terms: 6(4x) + 8(5y) - 21 + 63- 3(5x) - 12y + 18 - 7(3x)

Answers

the answer would be 28y+60-12x .. correct me if i’m wrong.

Solve: 2x-4 = -(x-6)/2​

Answers

To solve it would be 14/5 but if it’s simplify it would be 5x=14

Answer:

x = 14/5

Step-by-step explanation:

2x-4= -x-6/2

multiply by 2 on both sides to get rid of the fraction

4x-8= -x-6

add both sides by 8 and both sides by x to get the constants on the right and the variables on the left

4x+x=6+8

combine like terms/simplify

5x=14

divide both sides by 5 to isolate the x

x=14/5

i hope this helps :)

2. Find the surface area of the cone in terms of pi.

A. 33pi ft
B. 60pi ft
C. 53pi ft
D. 47pi ft

Answers

Answer:

I think the answer is C. 53pi ft

Step-by-step explanation:

One experiment had 10 players spinning, another experiment had 100 players spinning. Which experiment is more likely to come closer to matching its theoretical probability.

Answers

Answer: Experiment with 100 players sprinting

Step-by-step explanation:

When it comes to experiments using samples to find out the effect of a variable on an entire population by finding out the representative effect on the sample, the larger the size of the sample, the better.

A larger sample comes closer to being the actual size of the population so when this larger sample is experimented upon, the results it gives will be closer to the results that would be gotten if we experimented on the entire population. The 100 player sprinting experiment would therefore come closer to matching its theoretical probability.

Sariya and Kate went to lunch and their total bill was $36.96. If they
left a 20% tip. How much would their total bill be?

Answers

Answer:

$ 44.352

Step-by-step explanation:

The bill of both of them was $36.96. And they gave a tip of 20%. So , the total amount paid will be ,

=> Amount = Bill + 20% of Bill

=> Amount = $36.96 + 20% of $ 36.96

=> Amount = $36.96 + 1/5 * $36.96

=> Amount = $36.96 + $7.392

=> Amount = $ 44.352

Hence the amount paid by them is $44.352.

Answer:

$44.352

Step-by-step explanation:

Their bill = $36.96

Tip = 20% of $36.96

= 20/100 × 36.96

= $7.392

Hence, their total bill = $36.96 + $7.392

= $44.352

Work out the area of this circle. Take pi to be 3.142 and give your answer to 1 decimal place radius is 4cm

Answers

Area formula: pi * r^2
Given pi = 3.142 and r = 4
Plug in the values
Area = 3.142 * 4^2
Area = 3.142 * 16 = 50.272
Round to nearest 1 decimal place

Solution: 50.3 cm^2

Ciana Thomas drove her car 11,500 miles last year. Her fixed costs totaled $1,214 and her variable costs totaled $2,450. What was her cost per mile?

Answers

Answer:

11502

Step-by-step explanation:

Find the area of each sector.
3)
1350
14 yd
251
A)
18051
12
yd?
B)
yd?
12
1471
C) 161 yd?
D)
yd?
2

Answers

I did this I think 12 years


10 in
a
8 in
B
Can someone please help me

Answers

Answer:

4 in use pythagorean theorem

Step-by-step explanation:

A butcher purchases 50 chicks at the rate of Ts.60 per chick.10 of them died and he sold remaining chicks at the rate of Rs.80 per chick. Find profit or loss percentage.

Answers

Answer: 6.25%

Step-by-step explanation:

50 chicks were purchased at Rs. 60. The total cost of the chicks is:

= 50 * 60

= Rs. 3,000

10 of the chicks died which means the farmer was left with 40 chicks.

These chicks are sold at Rs. 80. Total revenue from the sales are:

= 40 chicks * 80

= Rs. 3,200

The profit is:

= 3,200 - 3,000

= Rs. 200

The percentage is:

= Profit / Revenue

= 200 / 3,200

= 6.25%

(add. write your answer as a fraction, as a whole or as a mixed number)
PLEASE HELP . WILL GIVE BRAINLIEST !

Answers

Answer:

6.4

Step-by-step explanation:

have a good day,night

may i please have a branlliest

According to a town's census a household's number of visits to a gas station has a mode of 3 visits per week. Jane surveys 20
homes in her neighborhood and finds the mode to be 6 visits. How can she get her survey statistics to more closely approximate
the population parameters?
A)
Choose some different houses to survey.
B)
Get a more random sample from the town.
C
Increase the number of houses that she surveys.
D)
Recalculate because she must have made a mistake.

Answers

Answer:B Get a more random person sample from the town

Step-by-step explanation:

The only time the word 'incorrectly' isn't spelled incorrectly is when it's spelled incorrectly. (⊙_ ⊙)

Answers

ahaha good one

Step-by-step explanation:

...........

Which function is the inverse of F(x) = b^x?
HELP FAST

Answers

Answer:I also think answer is 3

Step-by-step explanation:

There are 8 roses in a vase of 14 flowers. The rest are daisies.

(a) What is the ratio of roses to daisies?

(b) What is the ratio of all flowers in the vase to daisies?

Answers

Answer:

a) 4:3

b) 7:3

Step-by-step explanation:

No. of roses= 8

No. of daisies = 6

Total no. of flowers = 14

a) Ratio of roses to daisies = No. of roses/No. of daisies

8/6

= 4/3

= 4:3

b) Ratio of all flowers to daisies = No. of all flowers/ No. of daisies

14/6

= 7/3

= 7:3

An isosceles triangle has an angle that measures 110°. Which other angles could be in that isosceles triangle? Choose all that apply: 110 55 35 15

Answers

Answer:

35 degrees

Step-by-step explanation:

An isosceles triangle has two opposite sides. If the two angles are equal , it means the triangle is an isosceles. Because 90 degrees is greater than 45 degrees, the two sides with the same length, would have a smaller length than the third side

sum of angles in a triangle = 180

180 - 110 = 70

since 2 angles would be equal

70 / 2 = 35

what theorem can be used to prove these triangles are congruent?

Answers

Answer:

B. HL

Step-by-step explanation:

#CARRYONLEARNING

What is the length of the arc shown in​ red?

Answers

Answer:

≈ 18.8 cm

Step-by-step explanation:

The arc length is calculated as

arc = circumference of circle × fraction of circle

The central angle is equal to the arc subtending it, that is 60°

  arc = 2πr × [tex]\frac{60}{360}[/tex]

        = 2π × 18 × [tex]\frac{1}{6}[/tex]

        = 36π × [tex]\frac{1}{6}[/tex]

        = 6π ≈ 18.8 cm ( to 1 dec. place )

NEED HELP shouldn’t take to long :)

Answers

1. Right
2. Obtuse
3. Isosceles
4. Equilateral
5. Acute
6. Scalene

The surface area of a cube is 54 square inches.

What is the volume of the cube?

Answers

The volume of the cube is 27in³

An isosceles triangle has an angle that measures 92°. Which other angles could be in that isosceles triangle? Choose all that apply.

Answers

Answer:

92

Step-by-step explanation:

an iscosolice triagle is a triangle with the sam lenghth on both sides

plsssss help im literally failing

Answers

Answer: 1206.4un^3

Step-by-step explanation:

πr2h

= π×82×6

= 384π

= 1206.3715789785 un^3

hey what's the answer !!

[tex] \sqrt{98 - ( 17)} [/tex]

(ノ≧∇≦)ノ ​

Answers

Answer:

√98-17

=√ 81

=√ (9)^2

=9 is ans

Answer:

[tex] \sqrt{98 - ( 17)} [/tex]

[tex] {\sqrt{81}} [/tex]

[tex] {\sqrt{9²}} [/tex]=±9

is your answer

plz help I will mark brainliest !!!

Answers

Answer:

-5.3 Fahrenheit

Step-by-step explanation:

mark me brainliest

Answer:

b

Step-by-step explanation:

On a scale drawing a building measures 4.5 cm tall is the scale of the drawing is 25 m per2 cm how tall is the actual building

Answers

Answer:

Actual height  of the building [tex]=112.5[/tex] meters

Step-by-step explanation:

Given

Scale of the drawing

1 cm = 25 meters

This means that any 1 cm line on the map represents a length of 25 meters in actual.

The height of the building on map [tex]= 4.5[/tex] cm

Actual height  of the building

[tex]= 4.5 * 25\\=112.5[/tex]meters

Solve the inequality for u.

-10 ≤ - 5u

Simplify your answer as much as possible.

Answers

Answer:

u ≤ 2

Step-by-step explanation:

Given

- 10 ≤ - 5u

Divide both sides by - 5 , reversing the symbol as a result of dividing by a negative quantity.

2 ≥ u , then

u ≤ 2

A 98% confidence interval for a proportion is found to be (0.47, 0.53). What is
the sample proportion?
A. 0.53
B. 0.51
C. 0.49
D. 0.50

Answers

Answer:

0.50

Step-by-step explanation:

The sample proportion to be found for 98% confidence interval is

D. 0.50.

What is a confidence interval?

The mean of your estimate plus and minus the range of that estimate constitutes a confidence interval.

Within a specific level of confidence, this is the range of values you anticipate your estimate to fall within if you repeat the test.

In statistics, confidence is another word for probability.

Given, Sample = (0.47, 0.53).

Confidence interval = 98%.

Therefore, The sample proportion is,

= (0.47 + 0.53)/2.

= 1/2.

= 0.5.

So, The sample proportion is 0.50.

learn more about confidence intervals here :

https://brainly.com/question/24131141

#SPJ7

Find the area of the circle in terms of Pi. (TT)
10 cm
A

Answers

Answer:

A≈314.16

Step-by-step explanation:

Divide.
(2x2 + 13x + 9) = (x + 7)

Answers

I think the right question, should be like this,

= 2x² + 13x + 9/x + 7

So, the quotient is 2x - 1 and the remainder is 16, you can find answer there in attachment.

---------------------------------------

P.S- Sorry for messing writing.

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