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Peter Equipment Toys must decide the course of action to follow in promoting a new whistling yo-yo. Initially, management must decide whether to market the yo-yo or to conduct a test marketing program. After test marketing the yo-yo, management must decide whether to abandon it or nationally distribute. A national success will increase profits by $500,000, and a failure will reduce profits by $100,000. Abandoning the product will not affect profits. The test marketing will cost Peter Equipment Toys a further $10,000. If no test marketing is conducted, the probability for a national success is judged to be 0.45. The assumed probability for a favorable test marketing result is 0.50. The conditional probability for national success given favorable test marketing is 0.80; for national success given unfavorable test results, it is 0.10. Construct the decision tree diagram and perform backward induction analysis to determine the optimal course of action if a net change in profits is the expected payoff.
Planet Z is 6,000 km in diameter. The acceleration due to gravity on Planet Z is 10.0 m/s2.
The radius of a circular disk is given as 26 cm with a maximum error in measurement of .2 cm. Use differentials to estimate the maximum possible error in the calculated area of the disk.
A major league pitcher can throw a baseball in excess of 48.8 m/s. if a ball is thrown horizontally at this speed, how much will it drop by the time it reaches the catcher who is 15.7 m away from the point of release?
Dotties Tax Service specializes in federal tax returns for professional clients, such as physicians, dentists, accountants, and lawyers. A recent audit by the IRS of the returns she prepared indicated that an error was made on 13 percent of the re..
A cylindrical drill with radius 2 is used to bore a hole throught the center of a sphere of radius 7. Find the volume of the ring shaped solid that remains using polar coordinates.
What is the probability that at least one student will visit the game room during the next 20 minutes?
use an n-tuple integral to find the volume enclosed by a hypersphere with radius r in n-dimensional space.
two planes leave chicago at the same time in opposite directions. if one travels at 450 miles per hour and the other travels at 550 miles person hour how long will it take for them to be 4000 miles apart.
Use a change of variables to find the volume of the solid region lying below the surface f(x,y)=x^2 and above the plane region bounded by the line 2y - x = 1, 2y â?" x = 0, x = 1, and x = 2.
Using life insurance tables, a retired man determines that the probability of living 5 more years is 0.91. He decides to take out a life insurance policy that will pay $31,000 in the event that he dies during the next 5 years. How much should he b..
Suppose a shock causes a unit damage to the machine with probability 0.1 and no damage with probability of 0.9. Successive shocks are independent. Suppose the damages are cumulative and the machine can withstand at most four units of damage
If the televison camera is always kept aimed at the rocket, how fast is the camera's angle of elevation changing in radians/s at that moment?
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