Question: Analytically develop the previous problem, considering that the probability values have varied to 0.65 and 0.35 in terms of favorable states and unfavorable market, when
Analytically develop the previous problem, considering that the probability values have varied to 0.65 and 0.35 in terms of favorable states and unfavorable market, when the survey is Favorable (.55). Odds when the poll is unfavorable change at 0.45 probability, and for favorable market is 0.74 and unfavorable 0.26.
Define what is the final decision of the company given the probabilities of occurrence of natural states and the development that are given above, as well as the probabilities of the results of the survey carried out
carried out by company. If you were the operations manager, and you have to take a decision, with those odds, what decision would you make You.? And because? And do a comparative analysis with the results of the problem developed in class. Replicate the previous decision tree step by step. the survey carried out
carried out by company. If you were the operations manager, and you have to take a decision, with those odds, what decision would you make You.? And because? And do a comparative analysis with the results of the problem developed in class. Replicate the previous decision tree step by step.
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