Melissa Rossi,Product Manager at National Consumers,Inc.(NCI),is evaluating alternatives for introducing a new package for toothpaste. She has identified four alternative markets,and has constructed the following table which shows NCI's rewards (in $1,000,000's)for various levels of acceptance by the markets and their probabilities. The EMV of introducing the new package in the "Northeast Only" market is ________.
A) $50,000
B) $70,000
C) $90,000
D) $260,000
E) $300,000

Question

Melissa Rossi,Product Manager at National Consumers,Inc.(NCI),is evaluating alternatives for introducing a new package for toothpaste. She has identified four alternative markets,and has constructed the following table which shows NCI's rewards (in $1,000,000's)for various levels of acceptance by the markets and their probabilities.  The EMV of introducing the new package in the "Northeast Only" market is ________.
A) $50,000 
B) $70,000 
C) $90,000 
D) $260,000 
E) $300,000

Quizplus · Accepted Answer

The Answer of Melissa Rossi,Product Manager at National Consumers,Inc.(NCI),is evaluating alternatives for introducing a new package for toothpaste. She has identified four alternative markets,and has constructed the following table which shows NCI's rewards (in $1,000,000's)for various levels of acceptance by the markets and their probabilities.  The EMV of introducing the new package in the "Northeast Only" market is ________.
A) $50,000 
B) $70,000 
C) $90,000 
D) $260,000 
E) $300,000