Question: 1-PLEASE EXPLAIN IT. A manager, is trying to decide whether to hire one, two or three specialists. He estimates that profits next year (in thousands
1-PLEASE EXPLAIN IT. A manager, is trying to decide whether to hire one, two or three specialists. He estimates that profits next year (in thousands of dollars) will vary with demand for his consulting services as follows: One consultant: Low: 50, Medium 75, High:100 (demands) Two consultants: Low: 0, Medium 100, High:100 (demands) Three consultants: Low: -100, Medium 70, High:300 (demands) If he feels the changes of low, medium, and high demand are %30, %20 and %50, respectively, what are expected profits for the alternative he will select? a. 80.000 or c. 134.000 or d. 70.000
2-PLEASE EXPLAIN IT-How many part B should be ordered?
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