BUS 336 Study Guide - Final Guide: Shadow Price, Electronic Component, Expected Value Of Perfect Information

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 336
• Professor: Michael Favere- Marchesi

Document Summary

Must also interpret numeric answer where asked!!: you should have no problem setting this up if you do come to one of the open labs, evdelta = ,000 is the highest ev. 0: lowest erdelta = ,000 and the minimax regret is delta at ,000. (don"t forget to include the option of nothing!!) Therefore, both criterion lead to the decision to build in delta. 220: evpi = ,000, a) accept option 1 - portion (revenue of ,000 is greater than ,250 with option 2, yes option 1 makes the greatest sense in terms of risk. With option 2, there is a 65% of earning ,000 and a 35% chance of losing ,000. 363. 059: for ma(2) calculate error over periods 3, 4, and 5. For ses(0. 3), calculate error over periods 2 to 5: Bus 336 review: a) y estimate = -0. Ha: 1 k 0 (there is a significant linear relationship between time in the solution and the depth of etching).