please help

Question 4-

options- lowest/highest

not move/move

lowest/highest

not purchase/purchase

lowest/highest

become certified/stay uncertified

Question 5.

st average payof d to the nearest c Rental car insurance information rental insurance A car-rental agency offers insurance for a week that costs $125. A minor fender to the nearest co certification dec bender will cost $3,500, whereas a major accident might cost $18,000 in repairs. Without the insurance, you would be personally liable for any damages. Manufacturing relocation information A leading manufacturer of garage doors recently acquired another manufacturer and is considering moving its wood door operations to the acquired plant. Key considerations in this decision are the transportation, labor, and production costs at the two plants. Complicating matters is the fact that marketing is predicting a decline in the demand for wood doors. The company developed three scenarios: a. Demand falls slightly, with no noticeabs effect on production. b. Demand and production decline 20%. c. Demand and production decline 40%. The following table shows the total costs under each decision and scenario. What decisions should be made uting the avermge payeft wrategy in the three given stuatons? Clisk thore to vimw informat on for a decition abeut 180 certficafion. For the ranufachuring decision, the best payoll is the the best average pariofi of 5 (Round to the neorest doliar as nebded) For the rental insurance decision; she best payoff is the of 5 (Round to tho nearest dollar as needed) For the cersfication decision, the best payoff is the (Round to the nearest dollar as needed) one, so uning the average payett strategy, the compary ahould one, so using the average payoff strategy, you should rental insurance becouse that gives the bet average payoff rental insurance becoune that gives the bet average payoff one, so using the average payotf strategy, the company should one, so using the average payotf stralegy, the company should because that gives the best everige paycl of ? A chain of ski equipment shops purchases skis from a manutecburer each summer for the coming winter inston. The most pepular intermediate model costs $175 and selis for $300 Any skis len fill Clid the iosn to view the probabery distinoution fer demand. (T)pe inegert or decimaln. Do nat round The best decision fram an expected value basis is to purchase (Found to two decinwl plisen as needed) pairs of shis, wtich gives an expected proht of s b. Find the expected value of perfect information The expected value of perlect information is s (Type an integet or a decimal. Do not round) c. What is the expected demand? What is the expected proft it the shop orders the expected demand? How does this compare with the oxpected value decalon? The expectind demand is pars of skis, which gives an cepoctiod proft of 1 This reselt is (Type integers or decimals. Do not round) than fhe expected value decisian (Type integers or decimals. Do not round.) The best decision from an expected value basis is to purchase (Round to two decimal places as needed.) pairs of skis, which gives an expected profit of \$ b. Find the expected value of perfect information. The expected value of perfect information is $ 200 (Type an integer or a decimal. Do not round.) c. What is the expected demand? What is the expected profit if 220 The expected demand is pairs of skis, which gives an exper 240 the expected demand? How does this compare with the expected value (Type integers or decimals. Do not round.) This result is than the expected value decision. 180 ISO certification information A company is considering becoming certified to the ISO 9000 series of quality standards. Becoming certified is expensive, but the company could lose a substantial amount of business if its major customers suddenly demand ISO certification and the company does not have it. At a management retreat, the senior executives of the firm developed the following payoff table, indicating the net present value of profits over the next five years. chase pairs of skis, which gives the same as better than rofit if the shop orders the expected de worse than ompare with the expected value expected profit of $ This result is than the expected value decision. Probability distribution for demand cision from an exp