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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.
how can i study for the math state test
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Objectives After studying this leaarn maths; you should be able to explain why a teacher needs to know the level of development of hi; her learners; identify the way
7(y + 3) - 2(x + 2) = 14, 4 (y - 2) + 3(x - 3) = 2 Ans: 7(y + 3) - 2 (x+ 2) = 14 --------- (1) 4(y- 2) + 3(x - 3) = 2 ----------(2) From (1) 7y +21 -
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Q. Addition Involving Negative Numbers? Ans. When you add together positive and negative numbers, there are essentially three possibilities that you can encounter. Let's e
A chemist mixed a solution which was 34% acid with another solution that was 18% acid to generate a 30-ounce solution which was 28% acid. How much of the 34% acid solution did he u
Example of Adding signed numbers: Example: (2) + (-4) = Solution: Start with 2 and count 4 whole numbers to the left. Thus: (2) + (-4) = -2 Adding
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