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# Unit 7: Decision Analysis Introduction Dining at Sea: The Chez Tethys Problem Introducing Decision Analysis Summary Decision Trees Uncertainty and...

I should be able to click on the answer and see the process preformed in the FX bar.Mathematical process and interpretation should be located outside the question text-box. I should be able to click on each respective answer and see the mathematical process in the fx-bar
Unit 7: Decision Analysis Introduction Dining at Sea: The Chez Tethys Problem Introducing Decision Analysis Summary Decision Trees Uncertainty and Probability Summary Structuring Decision Trees Summary Incorporating Data into Decision Trees Decision Trees and Probabilities Summary Exercise 1: The Tardytech Blame Game Exercise 2: The First Bank of Silverhaven Exercise 3: The Shipping Bea Exercise 4: Wheel of Fortune Comparing the Outcomes Introducing the Expected Monetary Value Summary Relevant Costs Summary Time Horizons Summary Solving the Chez Tethys Problem Exercise 1: The Shipping Bea Flies Again Exercise 2: The SHAMH of the Century Exercise 3: The Gaiacorps Upgrade Exercise 4: Mopping up the Empire Exercise 5: The Eris Shoe Company Exercise 6: The Crumbling Empire Sensitivity Analysis Leo the Skeptic: The Uncertain Estimates Problem A Decision's Sensitivity to Outcome Estimates Summary Evaluating Non-Monetary Consequences Summary A Decision's Sensitivity to Probability Estimates Summary Solving the Uncertain Estimates Problem Exercise 1: Sensitive as a Truck Exercise 2: Sneakers of Discord Exercise 3: The SHAMH Continues At left you will see an outline of the topics covered in Unit 7: Decision Analysis. There are three homework problems associated with this unit. There is one tab for each problem in this workbook. Once you have completed the unit online, you should attempt these problems and submit them to your coach for assessment and feedback.
The FIU Marching Band is out of money. It hurts when halftime music is provided by the band of the other team at a home game. They have two choices: apply for federal grant money or do a major fundraiser. They cannot do both. The band's manager believes he has a 90% chance that he will win a grant of \$25,000 if he submits the grant application. Grants in this category are for a fixed amount, so if he loses the grant, he'll have no money to run the band. Based on his past fundraising experience, he estimates that if he runs a local fundraiser, he has a 30% chance of raising \$30,000 and 70% chance of raising \$20,000. Create a decision tree to help him determine which decision has the higher EMV. Q-13a: What is the EMV of applying for a grant? Q-13b: What is the EMV of doing a major fundraiser? Q-13c: What should the band do?
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Unit 7: Decision Analysis
Introduction Dining at Sea: The Chez Tethys Problem
Introducing Decision Analysis
Summary Decision Trees Uncertainty and Probability
Summary
Structuring Decision Trees...

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