Calculate the probability, Mathematics

Assignment Help:

Given the following decision tree, perform the tasks listed below 

620_Calculate the probability.png

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.


Related Discussions:- Calculate the probability

Simplify Radicals, Can I have simplify radicals for Alebgera 2

Can I have simplify radicals for Alebgera 2

Parallelogram, The base and corresponding altitude of a parallelogram are 1...

The base and corresponding altitude of a parallelogram are 10 cm and 12 cm reap. If the other altitude is 8 cm , find the length of the other pair of parallel side

3-d coordinate system - three dimensional spaces, The 3-D Coordinate System...

The 3-D Coordinate System We will start the chapter off with a quite brief discussion introducing the 3-D coordinate system and the conventions that we will be utilizing.  We

Matrix, find the value of x for which [1 0] [0 x-8]

find the value of x for which [1 0] [0 x-8]

Define multiplication rule in probability, Q. Define Multiplication Rule in...

Q. Define Multiplication Rule in probability? Ans. A family has two girls, Ann and Barb, and three boys, Carl, David and Earl, in it. In how many ways can the mother pick

Time series models, Time Series Models Additive Model Time seri...

Time Series Models Additive Model Time series value = T +S +C +R Whereas S, C and R are expressed in absolute value Additive Model model is best suited where the

TRIANGLES, ABCD is a trapezium AB parallel to DC prove square of AC - squar...

ABCD is a trapezium AB parallel to DC prove square of AC - square of BCC= AB*

Group automorphism, (a) Find an example of groups G, H, K with K  H and H...

(a) Find an example of groups G, H, K with K  H and H G but K G. (b) A subgroup H of G is characteristic if σ(H) ⊆ H for every group automorphism σ of G. Show that eve

Equations of planes - three dimensional spaces, Equations of Planes Ear...

Equations of Planes Earlier we saw a couple of equations of planes.  Though, none of those equations had three variables in them and were actually extensions of graphs which we

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd