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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.
G2=5.12 and G5=80 Find, r, G1, and S6
Jody's English quiz scores are 56, 93, 72, 89, and 87. What is the median of her scores? To find out the median, first put the numbers in sequence from least to greatest. 56, 7
Determine if the following series is convergent or divergent by using Radio Test. Solution With this first illustration let's be a little careful and ensure that we h
Find and classify all the equilibrium solutions to the subsequent differential equation. y' = y 2 - y - 6 Solution First, get the equilibrium solutions. It is generally
a wheel revolves 360 deegre revolution in one minute .Find how many radians will the wheel subtend in one second
Show that the radius of the circle,passing through the centre of the inscribed circle of a triangle and any two of the centres of the escribed circles,is equal to the diameter of t
New England University maintains a data warehouse that stores information about students, courses, and instructors. Members of the university's Board of Trustees are very much inte
f(x)=5x^-6 on the interval [1,infinity)
We have claimed that a randomly generated point lies on the equator of the sphere independent of where we pick the North Pole. To test this claim randomly generate ten vectors i
what is the domain of the function f(x)= 2x^2/x^2-9
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