Multiple Choice
Use the following to answer the questions below.
In choosing between three new jobs,Joe MBA considers the potential payoffs over the next three years.The following table contains the payoffs,given the speed of promotion in each of the organizations.The probability of fast promotion is 0.6,and the probability of slow promotion is 0.4.
Table A.4
-Use the information in Table A.4 and the Laplace decision rule.The weighted payoff is:
A) less than $200,000 if the high-flying consultant job is selected.
B) more than $280,000 if the research assistant job is selected.
C) more than $280,000 if the utility analyst job is selected.
D) highest for the research assistant position.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An operations manager has developed this decision
Q2: A marketing director must decide among four
Q6: Use the following to answer the questions
Q10: Use the following to answer the questions
Q11: The site selection team you formed last
Q14: Making a decision under risk using the
Q32: Zipco is in serious negotiations to purchase
Q45: List and describe decision rules that are
Q71: The break-even quantity for a certain kitchen
Q104: _ is the portion of total cost