Truzan creations, one of the leading names in the handicraft industry, recently launched a new artifact in the market. the company uses a database to store information on the number of products manufactured, the weekly sales, the list of suppliers, and the profits achieved. the process component of the information system is used to conduct analysis on the data to generate information about sales. which of the following can be used by truzan creations to generate predictions for its next sales period?
a) forecasting modelsb) estimation graphsc) modeling chartsd) theoretical hypotheses

Aplant manager is considering buying additional stamping machines to accommodate increasing demand. the alternatives are to buy 1 machine, 2 machines, or 3 machines. the profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. the payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. alternative bid accepted bid rejected buy 1 machine $10 $5 buy 2 machines $30 $4 buy 3 machines $40 $2 refer to the information above. assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. what is the expected value under perfect information (evpi)?