The Dollar Department Store Chain Has the Opportunity of Acquiring $\quad\quad\quad\quad\quad\quad\text{State Of The Economy}\\\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Over The Next 5 Years}$

question 26

Short Answer

The Dollar Department Store chain has the opportunity of acquiring either 3,5,or 10 leases from the bankrupt Granite Variety Store chain.Dollar estimates the profit potential of the leases depends on the state of the economy over the next five years.There are four possible states of the economy as modeled by Dollar Department Stores and its president estimates P(s₁)= .4,P(s₂)= .3,P(s₃)= .1,and P(s₄)= .2.The utility has also been estimated.Given the payoffs (in $1,000,000's)and utility values below,which decision should Dollar make? Payo ff Table $\quad\quad\quad\quad\quad\quad\text{State Of The Economy}\\\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text{Over The Next 5 Years}$
$\begin{array}{l|rrrr}Decision&s_{1} &s_{2} &s_{3} &s_{4} \\\hlined_{1}--\text { buy } 10 \text { leases } & 10 & 5 & 0 & -20 \\d_{2}--\text { buy } 5 \text { leases } & 5 & 0 & -1 & -10 \\d_{3}--\text { buy 3 leases } & 2 & 1 & 0 & -1 \\d_{4}--\text { do not buy } & 0 & 0 & 0 & 0\end{array}$ Utility Table $$\begin{array} { l r r r r r r r } \text { Payoff } ( \text { in } \$ 1,000,000 ' s ) & + 10 & + 5 & + 2 & 0 & - 1 & - 10 & - 20 \\\hline \text { Utility } & + 10 & + 5 & + 2 & 0 & - 1 & - 20 & - 50\end{array}$$

Comprehend the process and importance of pre-start-up inspection, field checkout, or commissioning.

Understand the diagnostic value of I/O module input and output status lights in troubleshooting.

Identify and mitigate electrical interference issues in PLC systems, such as cross-talk.

Recognize best practices for cable shielding and grounding in PLC installations.

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