BUS-660 Module 2 Decision Analysis – Problems 3-17, 3-19, & 3-22. Quantitative Methods – Decision Analysis Grand Canyon University
Text book: Quantitative Analysis for Management (12th Edition)
Complete Problem 3-17 (respond based on maximum criteria). Complete Problem 3-19, parts a and b (respond based on EMV criteria). Complete Problem 3-22. Use an Excel spreadsheet file for the calculations and explanations, with one worksheet per problem. Use the problem number for each worksheet name. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell).
Good Market Y N N
Fair market N Y N
Bad Market N N Y
Buy stock x
Buy CD x x
CD return = 9%
Stock’s expected return = 0.4(0.14)+0.4(0.08)+0.2(0)=8.8%
Allen should buy CD to maximize his long-run average return
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