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The managers of NOVA Constructions are considering to buy a patent of a latest mixing plant and there objective is to maximize profit. ALLCO Engineers designed and developed the new Robotic Mixing Plant and offered its patent to NOVA. To keep it simple if NOVA accept this deal, the average net contribution to profit during product life cycle (estimated 5 years) of the new Robotic Electrical mixing Plant is estimated to be $154 million, $61.20 million and -$65.42 million for high, moderate and low market condition respectively.
Marketing department of NOVA constructions also estimated that there is a 16% probability that market will be high, 62% probability that the market will be moderate. If they didn't go for the patent deal and invest same amount of money what they have to pay for patent another alternate can contribute 28.04 million profit for the same period (i.e. estimated 5 years)
Draw the complete decision tree and determine whether the product should be launched or not.
Give three logically possible directions of casualty, indicating for each direction whether it is a reasonable explanation for the correlation in light of the variables involved (and why).
Suppose you know that the distribution of sample proportions of nonresidents in samples of 200 students is normal with a mean of 0.04 and a standard deviation of 0.03.
Is there sufficient evidence for one to claim that in general, rugby players have a higher BMI than the multisport men? Perform the test at the 0.01 level of significance.
What is the probability you pick a plum and Which of the following is a legitimate probability distribution for this situation
Mutual funds are classified as large-cap funds, medium cap funds, or small-cap funds, depending ont eh capitalizaiton of the companies in the fund.
Assume that the height of adult caucasian women have a mean of 63.6 inches and a standard deviation of 2.5 inches. If 100 women are randomly selected find the probability that they have a mean height greater that 63.0 inches.
Interpret the interaction graph in terms of what it shows about the three effects tested.
We wish to estimate the population proportion. We want to be 95 percent confident of our results and we want the estimate to be with .01 of the population parameter. No estimate of the population proportion is available. What value should we use f..
Use descriptive statistics to explain how parental involvement and interests in child's education can impact on educational attainment measured in terms of their numeracy (v24_7), literacy (v28_7) and creativity skills (v25_7 and v26_7)
The probabilities of low, medium and high compliance are 0.3, 0.4, and 0.3, respectively
The average age of the students in the sample was 23 with a standard deviation of 3.5: a) Formulate the hypotheses for this problem.
Given that the student you choose is a senior, find out the probability of selecting a non-senior?
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