Ask Question
BusinessBusiness
4 October, 14:48

A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000. What is the expected value of the information from this sample?

+4
Answers (1)
  1. 4 October, 14:54
    0
    Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000

    Explanation:

    If the market research survey is available for $10,000.

    Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.

    Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision

    Therefore Expected Value of the information = $65,000+$62,000 - $10,000 = $117,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of these is not a common credit card fee A. late fee B annual membership fee C balance transfer fee D minimum payment fee
Answers (1)
Estimating Components of both WACC and DDM Analysts estimate the cost of debt capital for Abbott Laboratories (NYSE: ABT) is 2.13% and that its cost of equity capital is 4.1%. Assume that ABT's marginal tax rate is 36%, the risk-free rate is 5.
Answers (1)
John wants to have a big house, a fancy sports car, and enough money to go out and have fun every weekend with his friends. John places a lot of emphasis on (A) education (B) interests (C) skills (D) material items
Answers (1)
Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pool Activity Rate Setting up batches $ 59.71 per batch Processing customer orders $ 73.
Answers (1)
Suppose a country's annual growth rate of real gdp per capita is approximately 2%. by which year would the country double its real gdp per capita from $10,000 in 1950 to $20,000? a. 1970 b. 1985 c. 2000 d. 2005
Answers (1)
New Questions in Business
One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced: a a decrease in quantity supplied.
Answers (2)
The aims of mercantilists do not include a. achieving power and wealth for the state. b. achieving political and economic unity
Answers (1)
In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).
Answers (1)
Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False
Answers (1)
Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?
Answers (2)
Home » Business » A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.
Sign Up Forgot Password?