Probability Analysis – Class Assignments Help

/in /by

BUS499 M4A2 Probability Analysis– USE ATTACHMENT As Reference
 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 PayoffsLargeLow Demand0.4Do Nothing($10)Low Demand0.4Reduce Prices$50High Demand0.6$70SmallLow Demand0.4$40High Demand0.6Do Nothing$40High Demand0.6Overtime$50High Demand0.6Expand$55

Determination of chance probability and respective payoffs:
Build Small:Low Demand0.4($40)=$16High Demand0.6($55)=$33Build Large:Low Demand0.4($50)=$20High Demand0.6($70)=$42
Determination of Expected Value of each alternativeBuild Small: $16+$33=$49Build Large: $20+$42=$62
Click here for the Statistical Terms review sheet.
Submit your conclusion in a Word document to the Submissions Area by the due date assigned .
Assignment 2 Grading CriteriaMaximum 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.28Clear and concise statement explaining the decision and a description of elements that lead to the decision.20Clear and concise statement explaining the decision and a description of elements that lead to the decision.20Total:100

You might also like
Post-interview compose a 750-1000 word summary analysis of the interview to include the questions above as well as the following elements:
Public Health Promotion-PH5 – Class Assignments Help
Search the Walden Library and other scholarly databases looking for examples of the development, analysis, or use of middle range theories in clinical practice.
Conduct in-depth analysis of a pertinent topic related to aging. Define the problem, specific population affected, cultural implications, and financial/legal/ethical implications.
Job Hazard Analysis Template | bestnursingtutor.com
Quality and Reliability Eng – Fundamentals of Probability
Hello everyone need help to write report in ergonomic class
.  Based on these chosen communicable illness prepare an analysis discussing how this 3-communicable illness affect your community, and how they were identified and a plan of action to contained them base on healthy people 2020.