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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.
Circle Well, let's recall just what a circle is. A circle is all the points which are the similar distance, r - called the radius, from a point, ( h, k ) - called the center. I
Factoring By Grouping It is a method that isn't utilized all that frequently, but while it can be used it can be somewhat useful. Factoring by grouping can be nice, however it
write in factor form 9x3+9x5
It is the full blown case where we consider every final possible force which can act on the system. The differential equation in this case, Mu'' + γu' + ku = F( t) The displ
RANDOM VARIABLE A variable which assumes different numerical values as a result of random experiments or random occurrences is known as a random variable. The rainfal
how do u add them together?
10:30:45
Mean, variance, skewness and kurtosis of a probability density function f(r)that has a distribution of a passive scalar filed in a stationary isotropic turbulence for initial condi
two colum proofs
One of the well-known class of models that involve a simple difference equation are models of mean reversion. These models typically take the form yt+1 - yt = -a(yt - μ)where 0
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