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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.
what is history of Unitary method
-7-5
Wendy brought $16 to the mall. She spent $6 on lunch. What percent of her money did she spend on lunch? Divide $6 by $16 to ?nd out the percent; $6 ÷ $16 = 0.375; 0.375 is equi
Domain and range of a functio: One of the more significant ideas regarding functions is that of the domain and range of a function. In simplest world the domain of function is th
what is the answer using pemdas (32 divided into 4)+3
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 -
Probability -Probability is an extremely popular concept in business management. Since it covers the risks such may be included in certain business situations. This is a fact
A,B,C are natural numbers and are in arithmetic progressions and a+b+c=21.then find the possible values for a,b,c Solution) a+b+c=21 a+c=2b 3b=21 b=7 a can be 1,2,3,4,5,6 c c
(3t-1)^4 (2t+1)^-4
Evaluate each of the following. (a) 25 1/2 (b) 32 1/5 Solution (a) 25 1/2 Thus, here is what we are asking in this problem. 2
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