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    Quantitative methods:Expected value

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    31.In problem 14 outlined below, the Bombers' management has determined the following probabilities of the occurrence of each future season outcome for each player:

    Player Loser Competitive Makes Playoff
    Byrd .15 .55 .30
    O'neil .18 .26 .56
    Johnson .21 .32 .47
    Gordan .30 .25 .45

    Compute the expected value for each player and indicate which player the team should try to sign.

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    https://brainmass.com/business/business-management/quantitative-methods-expected-value-293468

    Solution Preview

    QUANTITATIVE METHODS
    31.In problem 14 outlined below, the Bombers' management has determined the following probabilities of the occurrence of each future season outcome for each player:

    Player Loser Competitive Makes Playoff
    Byrd .15 .55 .30
    O'Neill .18 ...

    Solution Summary

    The problem set deal with questions in Quantitative analysis. The problem requires the evaluation of information through the expected value approach.

    $2.19

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