Video Business a High School Student,who Started Doing Videos as a as a Hobby,is

question 77

Essay

Video Business
A high school student,who started doing videos as a hobby,is considering going into the videography business.The anticipated payoff table is: The following prior probabilities are assigned to the states of nature: P(poor)= 0.4,P(fair)= 0.4,and P(super)= 0.2. ​ ​
-{Video Business Narrative} Calculate the expected monetary value for each act with present information.What decision should be made using the EMV criterion?

Understand the legal and ethical considerations in using digital media and content.

Explain the principles and applications of artificial intelligence in daily technologies.

Understand the fundamentals of digital media broadcasting technologies.

Recognize the importance of using specialized hardware for converting and manipulating digital content.

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Definitions:

Fix Prices

The practice of setting and maintaining prices at a certain level, often agreed upon by competitors or mandated by regulation, rather than allowing them to be determined by market forces.

Intel

A leading multinational corporation that specializes in the development of semiconductor chips and microprocessors used in computers.

Danfoss

A global company specialized in engineering solutions, often focusing on energy-efficient, climate-friendly technologies.

Panasonic

A multinational electronics corporation based in Japan, known for its wide range of electronics and home appliance products.