Consider the following statements about Kelton's new decision situation. I. If p = 0.26, he should choose to sell the rights to Smartiva. II. His decision to sell the rights to Smartiva is insensitive...

Consider the following statements about Kelton's new decision situation.

I. If p = 0.26, he should choose to sell the rights to Smartiva.

II. His decision to sell the rights to Smartiva is insensitive to p.

III. The probability at which he is indifferent between marketing and selling lies between 0.55 and 0.75.

IV. When he is indifferent between marketing and selling, his best alternative is to license Smartiva.

V. When he is indifferent between licensing and marketing, his best alternative is to sell the rights to Smartiva.

VT. He should always choose to market when p > 0.8.

VII. If p = 0.65, the VOC on FDA approval is greater than it is when p = 0.8.