(a) Formalize and visualize the decision problem in a decision matrix. (b) Formalize and visualize the decision problem in a decision tree.
(c) How much money can you expect to lose, on average, for every
2.1 If you play roulette in Las Vegas and bet on a single number, the
probability of winning is 1/38: There are 38 equally probable out-
comes of the game, viz. 1-36,0 and 00. If the ball lands on the number
you have chosen the dealer will pay you 35 times the amount betted,
and return the bet.
dollar you bet?
2.2 Formalize the follo

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?