You have gotten tired of working for a living and have taken a brainwave to buy a salvage vessel, cruise to Bermuda, and dive for sunken treasure to become rich. The cost of the vessel, diving gear, a crew, and insurance against "the bends" is $200,000. But the potential payoff is huge: $2 million if you actually find and recover the treasure. Now historically, only 1 out of every 20 treasure hunters like you has ever hit pay dirt.

1) Should you invest in diving for treasure, or suck it up and go back to your regular job?

2) What is the expected value of Perfect Information on whether there is treasure or not?

You know of a dude named "Salty Joe McSharkbait." Salty Joe has cruised the waters off Bermuda for 80 years. He knows where all the wrecks are, which have been plundered, and which have treasure just waiting to be recovered. He has offered to sell you his advisory services for $25,000. But, because Joe is 90 years old, his memory is not perfect. If there is treasure at a particular site, he will indicate so 85% of the time. If there is no treasure, he will correctly indicate that 70% of the time. If Joe Predicts treasure, you will go for it, but if he predicts no treasure, you will forego the whole affair and get back to your regular job.

3) Should you hire Joe? Why or why not? What is the Expected Monetary Value (EMV) of hiring Joe?

4) Fix Joe’s "True negative" indication (this is the probability that he correctly indicates "no treasure" when there is no treasure) at 70%, but let his "true positive" indication (this is the probability that he correctly indicates "treasure" when there is treasure) vary instead of being fixed at 85%. How accurate would his true positive indication have to be for it to make sense to hire Joe?

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?