Question: 2 Weak 1 $ 9 6 , 0 0 0 Neither 3 , $ 1 1 9 , 0 0 0 6 6 9 0

2 Weak
1 $96,000
Neither
3,$119,000
6690,000
$330,000
6 Strong
2_ $102,000
2_-$50,000
1
6 Both P1 and P2
2
3
4
5
8 Fair
6
7
P1 only
8
5 P2 only
9
10- $20,000
N/AHow to solve (ANSWERS IN PITURE ARE WRONG, please
Techware Incorporated is considering the introduction of two new software products to the market. In
particular, the company has four options regarding these two proposed products: introduce neither
product, introduce product I only, introduce product 2 only, or introduce both products. Research and
development costs for products 1 and 2 are $170,000 and $130,000, respectively. Note that the first
option entails no costs because research and development efforts have not yet begun. The success of these
software products depends on the trend of the national economy in the coming year and on the consumers'
reaction to these products. The company's revenues earned by introducing product 1 only, product 2 only,
or both products in various states of the national economy are given in the table below.
The probabilities of observing a strong, fair, of weak trend in the national economy in the coming year are
assessed to be 0.20,0.50, and 0.30, respectively. The following payoff table is built. Match the numbered
blanks with correct values. If there is no match, choose N/A.
Techware Incorporated is considering the introduction of two new software products to the market. In
particular, the company has four options regarding these two proposed products: introduce neither
product, introduce product I only, introduce product 2 only, or introduce both products. Research and
development costs for products 1 and 2 are $170,000 and $130,000, respectively. Note that the first
option entails no costs because research and development efforts have not yet begun. The success of these
software products depends on the trend of the national economy in the coming year and on the consumers'
reaction to these products. The company's revenues earned by introducing product 1 only, product 2 only,
or both products in various states of the national economy are given in the table below.
The probabilities of observing a strong, fair, of weak trend in the national economy in the coming year are
assessed to be 0.20,0.50, and 0.30, respectively. The following payoff table is built. Match the numbered
blanks with correct values. If there is no match, choose N/A.
2 Weak
1 $96,000
Neither
3,$119,000
6690,000
$330,000
6 Strong
2_ $102,000
2_-$50,000
1
6 Both P1 and P2
2
3
4
5
8 Fair
6
7
P1 only
8
5 P2 only
9
10- $20,000
N/A
 2 Weak 1 $96,000 Neither 3,$119,000 6690,000 $330,000 6 Strong 2_

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