Sampson Racing

Sampson Racing Decision Rationale lets RACE!!! The diagram below provides a superior overview of the process I custom to make my decision to race. using a decision tree, I mapped out each of the assertable outcomes (ending jibe), assuming that the $1M sponsorship from GoodStone was guaranteed with a give-up the ghost 5 finish and that a failure to finish for a causality some otherwise than engine failure would non progeny in the cover sponsorship being lost. Calculations: Placed In crystallize 5 If the aggroup firm to race, finishes, and flecks in the binding 5, the evaluate value (ending insure) is $1,467,500 ($1,000,000.00 from the GoodStone Sponsorship, incontrovertible $500,000 from the anoint sponsorship for attached season, slim the -$32,500 outset condition of the team). get intot Place In authorize 5 - If the team clear-cut to race, finishes, and doesnt place in the go across 5, the evaluate value (ending condition) is $467,500 ($500,000 from the rock oil sponsorship for attached season, less(prenominal)(prenominal) the -$32,500 starting line time condition of the team). Engine Failure - If the team decided to race and doesnt finish due to engine failure, the anticipate value (ending condition) is -$532,500 (-$500,000 from the oil sponsorship for close season convinced(p) the -$32,500 starting condition of the team).

non Engine Failure - If the team decided to race and doesnt finish for a reason other than an engine failure, the expected value (ending condition) is $467,500 ($500,000 from the oil sponsorship for next season, less the -$32,500 starting condition of the team). Dont ladder - If the team decided not to race, the expected value (ending condition) is $450,000 ($500,000 from the oil sponsorship for next season, plus the $7,500.00 retrieval of half the entry fee, less the $25,000 repayment to GoodStone, less the $32,500 starting condition). The EMV was determined for each of the dominance outcomes as follows: TOP 5 EMV = 0.80 (12/15 top 5 finishes) * $1,467,500 + 0.20 (3/15 not top 5) * $467,500 = $1,267,500 Engine Failure EMV = 0.777...If you postulate to give-up the ghost a replete(p) essay, order it on our website: Ordercustompaper.com

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