Question: please help Hale's Productions is considering producing a pilot for a comedy seres in the hope of sehing it to a major strmaming senvice. The

please help
please help Hale's Productions is considering
please help Hale's Productions is considering
Hale's Productions is considering producing a pilot for a comedy seres in the hope of sehing it to a major strmaming senvice. The streaming service moy decide to reject the series, buit it may also docide to purchase the rights to the series for either ine or two years: At this point in time. Hale may either produce the pilot and wait for the streaneing servicers decasion or transfer. the ihghis for the nilot and series to o competitor for $100,000. Rale's decision alternutives and prohits fia thousands of doilars) are as follows: TWe probabikies for the Maths of nature are (1)=0. that the fuliewirg pridabiates ark seleqant. P(f)=0.61P(+)=0.31Psive=0asfsision=0wfsiven=6.16 What is the expected value (in thousands of dollars)? thousand dollars (c) What is the expected value of perfect information (in thousands of dollars)? thousand dollars (d) What is Hale's optimal decision strategy assuming the agency's information is used? If favorable, If unfavorable, (e) What is the expected value (in thousands of dollars) of the agency's information? (Round your answer to two decima places.) thousand dollars Ulwww.webassign.net/weh/Student/Assignment-Responses/submit/dep-20401690stagswautosavellquestion5223687_ I 122, 8:52PM Chapter 13- Homework Assignment - Bus2-190 Sec 04 - MW 3 pm, secton 04, Fall 2022 I WebAasign (f) Is the agency's information worth the $5,000 fee? What is the maximum that Hale should be willing to pay (in thousands of dollars) for the information? (Round your answer to two decimal places.) thousand dollars

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!