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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.
The grade resistance is F=W sin θ, where θ is the grade and W is the weight of the automobile. What is the grade resistance of a 2500 pound car traveling on a 2.6 degree uphill gr
The temperature in Hillsville was 20° Celsius. What is the equivalent of this temperature in degrees Fahrenheit? This problem translates to the expression 3 {[2 - (-7 + 6)] + 4
A piece of pipe is carried down a hallway i.e 10 feet wide. At the ending of the hallway the there is a right-angled turn & the hallway narrows down to 8 feet wide. What is the lo
ABCD is a parallelogram which AB and CD are divides by P and Q. Such that AP:PB=3:2 and CQ:QD=4:1. If PQ and AC are meet at R, show that AR=3/7AC.
Spring, F s We are going to suppose that Hooke's Law will govern the force as the spring exerts on the object. This force will all the time be present suitably and is F s
As we saw in the previous section computing Laplace transforms directly can be quite complex. Generally we just utilize a table of transforms when actually calculating Laplace tran
i need a step by step guide to answering simultaneous equation for gcses
In this case we are going to consider differential equations in the form, y ′ + p ( x ) y = q ( x ) y n Here p(x) and q(x) are continuous functions in the
What is a close figure in plane?
1. In an in finite horizon capital/consumption model, if kt and ct are the capital stock and consumption at time t, we have f(kt) = ct+kt+1 for t ≥ 0 where f is a given production
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