Question: please answer each question clearly so I can understand and please at the end use the chart at the end for results . thank you!


please answer each question clearly so I can understand and please at the end use the chart at the end for results. thank you!
Do DMUR ONLY! PRACTICE 3 DMUR only Hudson Realty is considering a boost in advertising in order to reduce a large inventory of unsold houses. The management plans to make its media decision using the following data on the expected success of newspaper versus pamphlet promotions. Each promotion strategy requires the sane amount of capital ALTERNATIVES: EVENTS NET PROFITS: PROBABILITIE: al: Newspaper ei e2 3000 7000 3 .50 e3 11000 2 az: Pamphlet e1 e2 5000 7000 .2 .50 ez 9000 .3 1. Construct a decision tree and show which promotion alternative you would chose by using the expected value method Xbar)? 2. Calculate the coefficient of variation of each alternative, and determine which one should be chosen accordingly? 3. Use the Z-table, and show the likelihood that Alternativel as well as Alternative 2 will yield a net profit between $6000 and $9000. ***** DMUR: Results Xbar Sigma COV Normal Dist. % A B @ ho Be Sure To Support Your Answers (Give Reasons!) Use the table provided above for a RECAP of your results. The table has extra rows You will need them for practice #5. Be sure to show your work, state a clear conclusion in each step and always support your answersStep by Step Solution
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