(Answered) : 2. Given the setting at Q1 above (i.e. the 0.6 probability of competition), what is the expected value of Space Pirates (in thousa

2. Given the setting at Q1 above (i.e. the 0.6 probability of competition), what is the expected value of Space Pirates (in thousands)?

a) 460

b) 640

c) 724

d) 1120

3. Use sensitivity analysis to determine what the probability of competition for Space Pirates would have to be for you to change your recommended decision alternative (p: probability of competition).

a) p>0

b) p < 0.7273 c) p>= 0.7273

d) p < 1 (1-3) Consider the following paragraphs to answer Questions 1-3: Video Tech is considering marketing one of two new video games for the coming holiday season: Battle Pacific or Space Pirates. Battle Pacific is a unique game