Course Solutions Uncategorized (Answered) : Owns Track Land May Contain Gokrbote Conmpory Consulhng Geologist Reported Mang Betieves Q34305659

(Answered) : Owns Track Land May Contain Gokrbote Conmpory Consulhng Geologist Reported Mang Betieves Q34305659

owns a track of land that may contain on.A the Gokrbote Conmpory consulhng geologist has reported to mang that she betieves then 25% chortes?on bang pre se A t. Because ofthis Prospect,orothar on Company has ofters ho puechau the lond for 90,00o. Howeveg Grolerbroba is cnskbiy hold.ng the land in orderんonM eroa nyuf.가-css+。f wn  be $700,000 (afer deducting the cost、fan (the dali cost) ilt ba ncudt land is dn (no on) a)wnat iu the best decsion alkomke using expected valus approoeh? wins h3 b) Suppon nowthat before decidiヴwhether t drolorse( anothe - asjurna this would provide perfect infomeかon conceming thereeme the expeck d valu ot +his alkmehe ?No need or a decssion tee ophion i to conduct a detaned seumic svvey+h lend,and wheHis the expected value of Perfect-forrn ehn-) canhuct a decon tree incudnmi suvey

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