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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.
Cartesian product - situations in which the total number of ordered pairs (or triples, or ...) are do be found. (e.g., if Hari makes 'dosas' of 3 different sizes, with 4 different
y=2x+3=
determine the square of the following numbers ... a.8 b.13 c.17 and d.80
E 1) Try the two activities detailed above with a few children around you Evaluate whether they really helped to improve the children's performance of mental arithmetic. Anot
How to solve Systems of Equations ? There's a simple method that you can use to solve most of the systems of equations you'll encounter in Calculus. It's called the "substitut
A pool is surrounded through a deck that has the similar width all the way around. The total area of the deck only is 400 square feet. The dimensions of the pool are 18 feet throug
How do I find the density of a square of a brownian motion .
Integrate following. ∫ -2 2 4x 4 - x 2 + 1dx Solution In this case the integrand is even & the interval is accurate so, ∫ -2 2 4x 4 - x 2 + 1dx = 2∫ o
Definition of Relation A relation is a set of ordered pairs. It seems like an odd definition however we'll require it for the definition of a function though, before actuall
Our objective is solve the following fourth-order BVP: (a(x)u'' )'' = f (x) u(0) = u(1)=0 u(0)' = u(1)'=0 (a) Give the variational formulation of the above BVP. (b) Describe the
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