{"id":160605,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/probability-4"},"modified":"2017-08-17T19:15:45","modified_gmt":"2017-08-17T19:15:45","slug":"probability-4","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/probability-4\/","title":{"rendered":"probability"},"content":{"rendered":"<p>Assignment 2: Probability Analysis<br \/> A General Manger of Harley-Davidson has to decide on the size of a new facility.<br \/> The GM has narrowed the choices to two: large facility or small facility. The<br \/> company has collected information on the payoffs. It now has to decide which<br \/> option is the best using probability analysis, the decision tree model, and expected<br \/> monetary value.<br \/> Options:<br \/> Facility Demand<br \/> Options Probability Actions Expected<br \/> Payoffs<br \/> Large Low Demand 0.4 Do Nothing ($10)<br \/> Low Demand 0.4 Reduce Prices $50<br \/> High Demand 0.6 $70<br \/> Small Low Demand 0.4 $40<br \/> High Demand 0.6 Do Nothing $40<br \/> High Demand 0.6 Overtime $50<br \/> High Demand 0.6 Expand $55<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. <a href=\"https:\/\/www.benedictsol.com\/blogs\/probability-4\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-160605","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/160605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=160605"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/160605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=160605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=160605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=160605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}