Draw an influence diagram for the following problem.

Draw an influence diagram for the following problem.

Hatton’s mail order company is planning to install a new computer system next year. Two possible systems are being considered:

the Gamma II and the Elite. The Gamma II will mean that the company incur higher initial costs than the Elite, but the total costs associated with the chosen system over its lifetime will also depend on whether the company decides to expand the computer system at some future date (the Gamma II system would cost less to expand). The expansion decision will be influenced by the level of sales achieved by the company over the next 3 years, while the level of sales will, in turn, be influenced by the size of the market and the amount of competition which Hatton’s has to face. It is thought that the size of the market will itself be influenced by the performance of the economy (e.g. a continued recession would depress the market). It is also thought that if the recession continues a number of rivals will go out of business so the severity of competition will be less.

find the cost of your paper

A new synthetic feed additive is found in an experiment to accelerate the growth of hogs sufficiently to reduce the “time to market” by 10%. Should it be added to the feed?

Give your assessment of the relative costs of Type I and Type II errors in the following situations where a decision is pending: a. A new synthetic feed additive is….

A company offers a cloud-sharing service aimed at consumers, including a free level of service to all, as well as higher paying levels.

A company offers a cloud-sharing service aimed at consumers, including a free level of service to all, as well as higher paying levels. Currently, they offer a relatively low level….

The “churn” rate in a subscription business is that rate at which subscribers leave in a given time period.

The “churn” rate in a subscription business is that rate at which subscribers leave in a given time period. In the US wireless industry, the churn rate is on the….