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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.
- Find the total surface area of a frustum of a cone. (Include top and bottom). The equation that I have for volume is v=1/3 pi x h(r^2+rR+R^2) -the equation that I have found fo
If arg (a/b) = pi/2, then find the value of ((a+b)/(a-b)) where a,b are complex numbers. Ans) Arg (a/b) =Pi/2 Tan-1 (a/b)= Pi/2 A/B = tanP/2 ,therefore a/b=infinity.
|a.x|=1 where x = i-2j+2k then calculate a
The probability that a certain region in mexico will be hit by a hurricane in any given year is .06. What is the probability that the region will be hit by at least one hurricane i
advanteges of duality
I gave my niece a whole heap of beads and showed her how to divide it up into sets of 10 beads each. Then I showed her how she could lay out each set of I0 beads in a line, and cal
At an office, the manager earns 40% more than a first year employees. The employee earns what fraction of the manager earnings?
write FORTRAN programme to generate prime numbers between 1 and 100
Maya says thafl for instance, to help the children of Class 2 construct the '5 times table', she uses their hands. Each child counts how many fingers on one hand, and then how ma
BUILD UPON THE CHILDS BACKGROUND : As you read in previous, each child is unique. Individual children vary in age, level of cognition, background, etc. What implications does thi
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