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Unit 3 - Task 5 - Quiz

Question 6
Not yet answered

Points out of 1.0

This type of question consists of a statement, and four options. Only one of these options to correctly answer the question. The student must
select the response and mark it according to the think is correct.

Statement:
Consider the game (2 * 4) that shows the following Payment Matrix:

             
Player B
     
Player A 1 2 3 4
   
1 4 7 5 -3
   
2 8 3 10 8
   
             
Player A's expected payouts correspond to player B's pure strategies.
Payments expected from Player B correspond to player A.'s pure strategies.

The Maximin point to determine the optimal strategy of player A is:

Select one:
a. 1/7

b. 1/3

c. 1/4

d. 1/5

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28/11/21 20:25 Unit 3 - Task 5 - Quiz (page 2 of 2)

Question 7

Not yet answered

Points out of 10.0

This type of question consists of a statement, and four options. Only one of these options to correctly answer the question. The student must
select the response and mark it according to the think is correct.  

 Statement:

Seneca Hill Winery recently purchased land to establish a new vineyard. Management must decide which grape varieties to harvest for the
production of wine, Cabernet Sauvignon, Pinot Noir and Chardonnay. The profits depend on the demand of the product. The table shows
projected profits, in millions of dollars.
       
  States of Nature

Decision Low Average -


Low - Utility High - Utility
Alternative Utility
Cabernet
721 822 678
Sauvignon
Pinot Noir 735 718 756
    
 679 919   817
  Chardonnay
Probabilities 0,35 0,25 0,40
  Based on the above information, the Expected Value with perfect Information (EVwithoutPI) to the problem is: 

Select one:
a. The Expected Value without Perfect Information (EVPI) is 53,77

b. The Expected Value without Perfect Information (EVPI) is 53,5

c. The Expected Value without Perfect Information (EVPI) is 535

d. The Expected Value without Perfect Information (EVPI) is 537,7


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28/11/21 20:25 Unit 3 - Task 5 - Quiz (page 2 of 2)

Question 8

Not yet answered

Points out of 1.0

This type of question consists of a statement, and four options. Only one of these options to correctly answer the question. The student must
select the response and mark it according to the think is correct.

Statement:

Following are the patterns of consumption of four brands of the same product with the following probabilities of transition and initial market
share:
Consumers are loyal to a brand but also change from one brand to another due to advertising, special promotions, offers prices and
discounts.

Consumers are loyal to a brand but also change from one brand to another due to advertising, special promotions, offers prices and
discounts.
Based on the Markov Analysis, if the steady-state transition probabilities for each of the states respectively are 0.263972, 0.284928, 0.248391
and 0.202709, a potential customer will consume:

Select one:
a. Brand C, because it presents high market share in the steady state.

b. Brand B, because it has high market share in the steady state.

c. Brand D, because it has high market share in the steady state.

d. Brand A, because it has high market share in the steady state.


Question 9
Not yet answered

Points out of 10.0

This question consists of two propositions as well: a statement and a reason, nations by the word why. You must examine the veracity of each
proposition and the theoretical relationship that unites them.
Statement:

The decision is the choice between several possible alternatives, taking into account the limitation of resources and with the aim of achieving
a desired result because the term decide is how to identify and solve the problems that are presented to the entire organization.
 

Select one:
a. The affirmation and reason are true, but the reason is not a correct explanation of the statement.

b. The statement is true, but the reason is a false proposition.

c. The statement is false, but the reason is a proposition true.

d. The affirmation and reason are true and the reason is a correct explanation of the statement.

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Question 10

Not yet answered

Points out of 10.0

This type of question consists of a statement, and four options. Only one of these options to correctly answer the question. The student must
select the response and mark it according to the think is correct.

Statement:

Three mobile phone companies, Claro, Tigo and Movistar (states), have registered the odds of each client to stay in their current operator or
make a change of company. The current percentages that each operator has in the current market are 0.25 for Claro, 0.35 for Tigo and 0.4 for
Movistar (initial states). The probabilities of change and / or permanence are:
 

State Claro Tigo Movistar

Claro 0,4 0,35 0,25

Tigo 0,2 0,4 0,4

Movistar 0,05 0,35 0,6

          

Find the probability that the user stays with the Claro company in the next period.

Select one:
a. The probability that each user stays with the Claro company is 18%

b. The probability that each user stays with the Claro company is 21%

c. The probability that each user stays with the Claro company is 19%

d. The probability that each user stays with the Claro company is 23%


◄ Unit 3 - Task 4 - Solving problems of optimization models with Markov chains - Evaluation rubric and activity submission

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Task 6 - Solving problems of decision and optimization of risk, uncertainty and Markov chains - Evaluation rubric and activity submission ► 

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