Question: 5) Alex leads GreenTech Solar, a startup developing innovative solar panel technology. He is exploring a potential partnership with Pacific Utilities, a major West Coast

5) Alex leads GreenTech Solar, a startup developing innovative solar panel technology. He is exploring a potential partnership with Pacific Utilities, a major West Coast utility company. The partnership would give GreenTech access to Pacific's customer base and infrastructure but requires complex technical integration of GreenTech's solar management system with Pacific's grid. They estimate a 35% chance of successful integration and 65% chance of integration challenges for either a partnership or as an independent contractor. Values are: sn Partner, Challenges -$300K Independent, Successful $200K Independent, Challenges $100K An industry consultant offers analysis that Alex believes has sensitivity, P {\"Successful\"|Successful}=0.75, and specificity, P {\"Challenges\"|Challenges}=0.6 for predicting successful integration. Given that Alex is risk-neutral, let $x be how much he is willing to pay the consultant. In what range does x lie? a) $0$150K 6) (continues from the previous question) Before committing to the first consultant, Alex wants to consider a second firm, McKinley Technical Due Diligence which he believes has 85% sensitivity and 95% specificity.. Let $x be how much he is willing to pay this consultant? In what range does x lie? a) $0$150K

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