They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
An entertainment company is organizing a pop concert in London.Thecompany
has to decide how much it should spend on publicizing the event, and three
options have been identiﬁed:
Option 1: Advertise only in the music press;
Option 2: As option 1, but also advertise in the national press;
Option 3: As options 1 and 2, but also advertise on commercial radio.
For simplicity, the demand for tickets is categorized as low, medium or high.
The payoff table below shows how the proﬁt that the company will earn for
each option depends on the level of demand:
Option Low Medium High Proﬁts ($000s)
1 −20 −20 100
2 −60 −20 60
3 −100 −60 20
It is estimated that if option 1 is adopted the probabilities of low, medium
and high demand are 0.4, 0.5 and 0.1 respectively. For option 2 the respective
probabilities are 0.1, 0.3 and 0.6, while for option 3 they are 0.05, 0.15 and 0.8.
Determine the option that will lead to the highest expected proﬁt. Would you
have any reservations about recommending this option to the company?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more