# This part requires the construction of a decision tree to analyze the decision problem if the consultant is hired. The template of this decision three is provided in the worksheet Tree diagram. The inputs needed are highlighted with different colors and these include the conditional probabilities

Assignment 7 Rubric (60 points)

Tutorials videos

https://youtu.be/9re2LZpEzyc

https://youtu.be/h9rASvjXxhI

https://youtu.be/r7HEKtockRs

Problem 9 (25 points)

This problem consists of parts a-e. For each part provide the corresponding payoff matrix (5 of them, 2 points each) and clearly indicate the decision (5 decisions, 3 points each).

Problem 10 (25 points)

For this problem refer to the “Assignment 7 Problem 10” Excel file posted in the Week 7 folder.

1. Complete the worksheet “a) Cond. Prob.” as explained on pages 521-523 of the book. (5 points)
2. Provide the EMV of the optimal decision without the consultant’s assistance. (5 points).
3. This part requires the construction of a decision tree to analyze the decision problem if the consultant is hired. The template of this decision three is provided in the worksheet “Tree diagram”. The inputs needed are highlighted with different colors and these include the conditional probabilities from part a, the payoffs from problem 9 and the probabilities that the consultant forecasts low, medium and high demands. Once you complete the tree diagram with these numbers, it will automatically provide the EMV with the consultant’s assistance (part d). You do not need any additional software to complete this assignment. (5 points).
4. Provide the EMV with the consultant’s assistance from part c). (5 points).
5. Provide the maximum price Morley should be willing to pay the consultant. (5 points)

Problem 11 (10 points)

1. Provide the payoff matrix showing utility values (5 points).
2. Provide the decision with the largest expected utility (5 points).

Pages (550 words)
Approximate price: -

Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.

Prompt Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

If you are looking for exceptional academic writing services, then you are in the right place. Studyacer offers customised academic assignments and academic papers for students at all levels.

## Essay Writing Help

Writing an essay can be a challenge. However, we know what every student needs. And we purpose to deliver. Here at StudyAcer, we do all we can to help with academic essays and assignments. We have a dedicated team of professional essay writers.

Assignment Help

We understand students need satisfactory results. Our cheap assignment writing service helps and never leaves any doubt. We always strive to ensure the ultimate and best results. It is our joy to offer a cheap reliable essay writing service.

Term Paper Help

Have you been asking yourself, where can get a pre written research papers for sale? Worry no more, the fact that you have a term paper that is due tonight and you haven’t touched it. At Study Acer it is our responsibility to get your paper on time.

Dissertation Writing Service

Several master’s students seek professional help with their thesis.Students from different parts of the world experience different challenges. Dissertations have different stages and the challenges are different too. Do not struggle in silence, order now .