The year is 2022 and today is July 1 (by assumption). You plan to fly from Newark to Amsterdam on August 2 and return on August 25. Today you can buy a one-way ticket for $350 or a round-trip ticket for $660. You could also wait until August 1 to buy your tickets. On August 1, a one-way ticket in either direction will cost $370, and a round-trip ticket will cost $730. Between July 1 and August 1, there is a 30% chance that your best friend will be able to provide you with a free one-way ticket as a present. If you buy a round-trip ticket on July 1 for $660 and your friend provides a free ticket, then you can return the second half of your round-trip ticket to the airline, after paying a $50 penalty. In this case, your net travel cost will become $380. Develop a decision tree to determine how to minimize your expected travel cost. Find the optimal policy.
Answers
The optimal policy will be to book a round-trip ticket.
Based on the information given, there is a 30% chance that my best friend will be able to provide you with a free one-way ticket as a present. This will be represented on the decision tree as 0.3.
Therefore, the probability that I will not get a free ticket will be 0.7 which is calculated as 0.3 subtracted from 1.
The cost of booking the return ticket on August 1st will be:
= 350 + 370
= 720
In conclusion, the minimum expected travel is $576. The optimal strategy will be to book the round ticket now. An attachment has been attached for further understanding.
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Related Questions
Which of the following characterize a manager as being efficient?
Answers
Explanation:
They use a minimum amount of resources for the amount of outputs produced.
Why is a tariff imposed
Answers
hola ¡antes estaba como ruedanatalia222 nose que paso se me borro la cuenta los puntos los corazon los seguidores las CORONAS ¡¡¡:( estoy muy triste :( :(
Answers
Answer:
borro la cuenta los puntos los corazon
Explanation:
How does money function as a medium of exchange?
O A. It has a value that is set and changed by the government.
O B. It can be used to compare the value of different products.
C. It allows people to buy, sell, and trade goods efficiently.
D. It can be made of paper, metal, or many other materials.
Answers
Answer:
C. It allows people to buy, sell, and trade goods efficiently
Answer: C, it allows people to more easily buy and sell products
Explanation:
7. Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and number of periods, the valuation model is adjusted accordingly. Assume that a $1,000,000 par value, semiannual coupon US Treasury note with five years to maturity has a coupon rate of 6%. The yield to maturity (YTM) of the bond is 9.90%. Using this information and ignoring the other costs involved, calculate the value of the Treasury note: $849,059.88 $721,700.90 $534,907.72 $1,018,871.86 Based on your calculations and understanding of semiannual coupon bonds, complete the following statement: The T-note described in this problem is selling at a .
Answers
The value of the Treasury note is $849,059.88 and this is selling at a discount.
The value of a treasury note depends on different factors such as:
The initial valueThe coupon rateThe value of the yield to maturityConsidering these aspects, let's calculate the value of the treasury note
Initial value: $1,000,000
$1,000,000 x 6% (coupon rate) = $60,000
$60,000 / 2 (the coupon pays twice a year) = $30,000 - This value refers to the payment per period
Let's consider now the number of periods and the yield to maturity
Number of periods: 5 x 2 (the number of periods double) = 10 periods
Yield to maturity or rate: 9.90% / 2 (cash flow decreases by half) = 4.95%
Finally, you can use the PV formula to calculate the value:
PV (4.95%,10,-30000,-1000000) - This part is done in excel program as the original formula is quite complex
PV =$849,059.88
Based on this, the value of the note is $849,059.88, and you can conclude this is selling at a discount because this value is lower than the initial value of 1,000,000.
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As a business owner, explain the importance of scanning the internal and external environment of a business.
Answers
Answer:
1. Identification of strength
2.identificationof weakness
3. Identification of opportunity
4. Identification of threat
5. Optimum of use of resources
If you are an HR Manager , which among these rating sources do you believe in the most crucial?
Answers
Answer:
behaviour
Explanation:
his\her behaviour to collegues matters more for good environment in business
What is organizing in business management
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Answer:
Organizing involves assigning tasks, grouping tasks into departments, delegating authority, and allocating resources across the organization. ... Before a plan can be implemented, managers must organize the assets of the business to execute the plan efficiently and effectively.
Mohamed earned a 5 on his Advanced Placement® American History exam. How might this benefit him when he gets to college? His job will give him additional money toward college tuition. He will automatically earn a scholarship to the college of his choice. He will receive the lowest interest rates on student loans. The college he attends may give him college credit for the course.
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By earning a 5 on the Advanced Placement® American History exam, Mohammed might benefit when he gets to college in a way that "The college he attends may give him college credit for the course."
This is because the credit earned on Advanced Placement can be used by the college Muhammed attends to determine whether he can skip some introductory courses or even graduate early.
This implies that colleges give value to the credit earned in Advanced placement.
The higher the scores earned, the more a student can benefit when he gets to college.
It is believed that high-performing students in Advanced Placement understand some introductory courses well or can take more courses at a time.
Hence, in this case, it is concluded that the correct answer is option D. "The college he attends may give him college credit for the course."
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Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points)
Answers
List four ways Heidi can withdraw money from her checking account. Heidi can write a check, use an ATM, fill out a withdrawal slip and take it into the bank, or use online banking to transfer money to another account.
Under what circumstancess should outsourcing be used for building Information systems
Answers
Answer:
FOR LIFE INSURANCE DENSITY
what are two examples of ways an electronic record may be disturbuted to others?
Answers
Answer:
Way 1. Email, Way 2. Publish on Internet
A hair salon acquired 100 new customers last year. Cost in the marketing and sales were as follows:
Marketing Costs = $ 1,000
Sales Costs = $ 10,000
Salaries = $ 96,000
What was the customer acquisition cost?
Answers
If a hair salon acquired 100 new customers last year. Cost in the marketing and sales were are marketing Costs $1,000, Sales Costs $10,000 and Salaries $96,000.What the customer acquisition cost will be is $1,070
Using this formula
Customer acquisition cost=Sales costs+ Marketing costs +Salaries ÷ Number of customers acquired
Where:
Marketing Costs =$1,000
Sales Costs = $10,000
Salaries = $96,000
Number of customers acquired=100
Let plug in the formula
Customer acquisition cost=$1,000+$10,000+$96,000÷100
Customer acquisition cost=$107,000÷100
Customer acquisition cost=$1,070
Inconclusion if a hair salon acquired 100 new customers last year. Cost in the marketing and sales were are marketing Costs $1,000, Sales Costs $10,000 and Salaries $ 96,000. What the customer acquisition cost will be is $1,070
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Answer:
The answer is $10 dollars
Explanation:
I took a test and got it right
A good interpreter will be :_________.
A. bilingual, familiar with both business cultures, and employed by one of the businesses.
B. bicultural, bilingual, and familiar with both business cultures.
C. bicultural and an employee of the visiting business.
D. bicultural, bilingual, and employed by the host business.
Answers
Answer:
i would say A. sry if it's wrong :(
Explanation:
Which two are segments in a Marketing Plan? (Choose two)
Demographic
Psychographic
Income
Loyalty
Answers
The two segments that are part of a Marketing Plan are: A. Demographic and B. Psychographic segments.
A marketing plan details a company's target market, the brand's value proposition, the marketing campaigns, and the evaluation metrics for assessing if marketing initiatives are effective and inefficient.In the marketing plan, the target market is usually segmented to enable the marketing efforts to yield good results.The four major segments are:
DemographicPsychographicGeographicBehavioral.The "demographic" segment classifies the target market based on age, gender, or race. On the hand, "psychographic" segmentation dwells on consumers' activities, interests, and opinions, which go beyond the demographic classification.Thus, the two segments that are part of the Marketing Plan are demographic and psychographic, while income and loyalty are ingredients in the segments.
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Answer: Demographic
Psychographic
Explanation:
what is the best way to move up and down on your computer srceen?
Answers
Answer:
your scroll wheel or pg up or pg down button
Explanation:
is Labor is a type of human resource.
Answers
Jamal is creating a four-fold brochure about the parts of a business including production, finance, marketing, and customer service. If he only wants to highlight the key aspects of each part with several bullet points, what information should he include? Briefly explain why you feel this is the most important information about each part of a business.
Answers
If Jamal is creating a four-fold brochure about the parts of a business including production, finance, marketing, and customer service If he only wants to highlight the key aspects of each part with several bullet points, the information he should include will be:
Jamal should carry out adequate and accurate research concerning the vital information that should be included in the brochure.
The information that he should include in his brochure should be:
He should include relevant information that the customers need in the brochure.He should show professionalism or he should show how professional he his when it has to to with his business.He should highlight the most important aspect of the business such as the company products and services. He shown reveal the purpose and objective of the business including what the business stand for.The reason why i feel this is the most important information about each part of a business is because it will enables people to know that he is good at what he does which will in turn help to promote the business.
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Julio does not specialize in a particular function; instead, he provides overall guidance and leadership for the company. Julio is an administrative or ____ manager.
What is the answer to this?
Answers
Considering the description in the question above, Julio is an administrative or General Manager.
This is based on the idea that a General Manager is someone or an individual who takes an executive role in a firm or organization.
The role of a General Manager covers the activities of controlling all the income and expenditure of the firm.
A General Manager has no specific role, unlike other employees. He serves to provide leadership, set goals, and help guide the firm to achieve its missions and vision.
Hence, in this case, it is concluded that Julio is a General Manager.
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A client has several suppliers they purchase their materials from, and most of the suppliers require part or all payments to be made at the time of order. You advise your client to set up a Prepayments account that can be reconciled each month. How should this account be set up
Answers
Analyzing the above scenario, the customer should set up an asset account called prepayment, which is an item described in the balance sheet as a current asset and liability, as this will be a financial resource available for future use.
A prepayment asset account is therefore configured as an expense previously paid, but which has not yet occurred, being this a facility for companies to pay their suppliers at the time of the order in a previously scheduled manner.
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Justine heard that an Australian newspaper has just published a very interesting article about the koala bear, her favorite animal. Justine is most likely to find this article online, as the internet allows for quick access to which type of news?
Select one:
a.
local news
b.
world news
c.
honest news
d.
entertainment news
Answers
What is the recovery period and depreciation method of a residential rental property located in a foreign country which was placed in service after December 31, 2017?
Answers
Answer: For residential rental property, the recovery period using GDS is 27.5 years. 2 If you use ADS, the recovery period for the same type of property is 30 years if it was placed in service after December 31, 2017, or 40 years if it was placed in service before that date.
Explanation: Is the good enough???
Today is Jerry's first day at his new job as a cashier at the local grocery store. When he arrives in the morning one of his new colleagues explains that Jerry will spend some time watching his colleague use the cash register while the colleague explains what he is doing. Then, after break time, it will be Jerry's turn to start acting as cashier, with his colleague right next to him to show him how to use the machine properly and conduct transactions with customers. Once he feels confident and learns this new skill, Jerry will be able to operate the cash register on his own. This is an example of:
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Since today is Jerry's first day as a cashier at the grocery store and he is spending some hours observing another colleague, the use of the cash register, Jerry is receiving an example of on-the-job training.
An on-the-job training exposes the recruit to the tools, processes, and environment of the job.
An on-the-job training involves initial observation of another colleague doing the job, receiving instructions from supervisors, and practical experience.Observation helps the recruit to see how the job is done and to ask questions for clarifications. Instructions are given so that the recruit understands the entity's practices and procedures. The hands-on experience enables the recruit to start doing the tasks involved in the job.
Thus, on-the-job training is an aspect of Human Resources Management that helps Jerry to acquire competences and skills to carry out the cashier job at the grocery store.
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Mark the types of businesses that are most likely to need
personal liability protection for their owners. (Select five
answers.).
Driver's education classes
A dressmaker
A children's daycare center
Skiing lessons
Web design service
Cleaning service
An in-home nurse
A bakery
Graphic design service
A jewelry maker
Answers
Answer:
Driver's education classes, a children's daycare center, skiing lessons, an in-home nurse, and a bakery are more likely to need personal liability protection for their owners.
Explanation:
Those are business types that put people's health and safety at risks.
EAR versus APR [LO4] Two banks in the area offer 30-year, $220,000 mortgages at 5.5 percent and charge a $3,500 loan application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
Answers
Answer:
application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
What leadership styles would you use to describe Carlos Slim Helu?
Answers
Answer: autocratic
Explanation:
Carlos Slim's leadership style is autocratic since he centralizes the high level decisions, pedantically oversees his investments, and assumes responsibilities for his actions. . His style mechanics differentiate from most CEO's due the number of companies he runs and the variety of industries
Answer:
the leadership style is autocratic
Explanation:
since he incorporates high-level decisions, meticulously supervises his businesses, and accepts responsibility for his actions.
Which of the following is a strategy that may be used to gain financial success?
1_ buy what you want
2_ignore risks
3_make a financial plan
4_borrow money for fun
Answers
According to the guidelines of good journalism, which of the following is correct:
O Her birthday is March 10
O Her birthday is Mar. 10
O Her birthday is march 10
O Her birthday is mar. 10
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Answer:
Her birthday is March 10 plz Mark me as brainlliestEggs, toilet paper, and candy bars are examples of __________.
A.
Specialty goods
B.
Convenience goods
C.
Shopping goods
D.
Unsought goods
Answers
Answer:
I think c
Explanation:
u can get it all from a store
Answer:
B. Convenience goods
Explanation:
Edge 2021
Distinguish between financial and cost accounting.
Answers
Cost accounting compiles the cost of raw materials, work-in-process, and finished goods inventory, while financial accounting incorporates this information into its financial reports (primarily into the balance sheet). ... Financial accounting personnel issue reports only at the end of a reporting period.