Jenny Lind is a writer of romance novels. A movie company and a TV network both want exclusive rights to one of her more popular works. If she signs with the network, she will receive a single lump sum, but if she signs with the movie company, the amount she will receive depends on the market response to her movie. What should she do? Payouts and Probabilities Movie company Payouts Small box office - $200,000 Medium box office - $1,000,000 Large box office - $3,000,000 TV Network Payout Flat rate - $900,000 Probabilities P(Small Box Office) = 0.3 P(Medium Box Office) = 0.6 P(Large Box Office) = 0.1 A manufacturer with four production locations wishes to minimize the shipping cost to their four warehouses. The supply from each factory and the demand of each warehouse are shown in the table along with the cost to ship one unit from each factory to each warehouse. Warehouse Warehouse Warehouse Warehouse Total Factory 1 2 3 4 Supply A $5 $6 $4 $7 250 B $8 $3 $7 $4 150 C $6 $4 $5 $6 300 D $7 $3 $4 $2 250 Total 300 200 150 300 Demand
Jenny Lind is a writer of romance novels. A movie company and a TV network both want exclusive rights to one of her more popular works. If she signs with the network, she will receive a single lump sum, but if she signs with the movie company, the amount she will receive depends on the market response to her movie. What should she do? Payouts and Probabilities Movie company Payouts Small box office - $200,000 Medium box office - $1,000,000 Large box office - $3,000,000 TV Network Payout Flat rate - $900,000 Probabilities P(Small Box Office) = 0.3 P(Medium Box Office) = 0.6 P(Large Box Office) = 0.1 A manufacturer with four production locations wishes to minimize the shipping cost to their four warehouses. The supply from each factory and the demand of each warehouse are shown in the table along with the cost to ship one unit from each factory to each warehouse. Factory Warehouse 1 Warehouse 2 Warehouse 3 Warehouse 4 Total Supply A $5 $6 $4 $7 250 B $8 $3 $7 $4 150 C $6 $4 $5 $6 300 D $7 $3 $4 $2 250 Total Demand 300 200 150 300
12.11-soru_answer.docx