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Homework Problem 3

# Homework Problem 3 - r^ t.5 ffF\srrrrs I?rss 8a |(X...

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BUS 190 Section i1 Homework 3 Due at the beginning of class, Monday March 16. Please show all work. You are the coach of the SJSU Spartans football team. On the next play, you must decide whether to run or to pass. If you run, there is a 60oh chance that you will gain 5 yards and a 40Vo chance that you will gain I yard. If you pass, there is a I0o/o chance that you will gain 15 yards and a90%o chance that you will gain 0 yards. a) Draw the decision tree for this situation. Clearly label the branches, the value of each endpoint, and the probabilities. b) Fold back the tree. Be sure to label each node with its expected value. c) What is the optimal decision? What is its expected value? d) Draw the risk profrle for the optimal decision. You own a shoe store and are deciding which shoes to stock for the upcoming season. You can either stock designer

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