Calculate the probability, Mathematics

Assignment Help:

Given the following decision tree, perform the tasks listed below 

620_Calculate the probability.png

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.


Related Discussions:- Calculate the probability

Arithmetic progression, the radii of circular base of right circular cylind...

the radii of circular base of right circular cylinder and cone are in the ratio of 3:4 and their height are in the ratio of the 2:3 what is the ratio of their volume?

Melissa is four times if jim is y years old, Melissa is four times as old a...

Melissa is four times as old as Jim. Pat is 5 years older than Melissa. If Jim is y years old, how old is Pat? Start along with Jim's age, y, because he appears to be the young

How will the decimal point move when 245.398 is multiplied, How will the de...

How will the decimal point move when 245.398 is multiplied by 100? It is moved two places to the right. While multiplying by multiples of 10, the decimal point is moved to the

Scale Drawing, Model of 180 meter tall building using a scale of 1.5 centim...

Model of 180 meter tall building using a scale of 1.5 centimeters = 3.5 meters. How tall will the model be?

Mixing problems, Let's start things by searching for a mixing problem.  Pre...

Let's start things by searching for a mixing problem.  Previously we saw these were back in the first order section. In those problems we had a tank of liquid with several kinds of

Variance-measure of central tendency, Variance Square of the standard...

Variance Square of the standard deviation is termed as variance. The semi inter-quartile range - It is a measure of dispersion which includes the use of quartile. A q

Continuous compounding, If r per annum is the rate at which the princ...

If r per annum is the rate at which the principal A is compounded annually, then at the end of k years, the money due is          Q = A (1 + r) k Suppose

Probablity, probability as that of flipping a coin eight times and getting ...

probability as that of flipping a coin eight times and getting all the times the same side of the coin.)

Determine the second derivative of q (t ) = sec (5t ), Determine the secon...

Determine the second derivative for following functions.                             Q (t ) = sec (5t ) Solution : Following is the first derivative.              Q′ (t

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd