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Given the following decision tree, perform the tasks listed below
1. Simulate the route through the test market and produce results for twenty simulations, calculating the payoff in each case.
2. Calculate the probability that the company should abandon the project without going through the test market, i.e. the probability that a loss will be made on the project if the test market is conducted.
3. Calculate the expected return from the simulated payoff and compare it with the expected payoff based on the decision tree.
4. Advise the company on their choices.
find the ratio of 1:4
how i do project in linear programming in agriculture
Explain Angle Theorems ? Certain angles and angle pairs have special characteristics: Vertical angles are opposite angles formed by the intersection of two lines. Vertical ang
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If x = b y where both b > 0, x > 0, then we define y = log b x, which is read as "y is the log to the base b of x". This means that, log b x or y is the number to
Calculate the introduction to Probability? Probability refers to the chance that an event will happen. Probability is presented as the ratio of the number of ways an event can
1.What are the strengths and shortcomings of the methods of teaching H T 0 in Examples 1 and 2? 2. a) Think of another activity for getting children to practise H T 0, especia
0/2
Sin+cos
Evaluate the perimeter of the plot of land. a. 260 m b. 340 m c. 360 m d. 320 m To evaluate the perimeter, we must know the length of all sides. According to the dia
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