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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.
What percent of the figure below is shaded? Break the rectangle into eighths as shown below. The shaded part is 6/8 or 3/4; 3/4 is 75%.
Q. Example of negative number? If you take an elevator 8 stories down , what would be the opposite of this? The opposite would be that you take the elevator 8 stories up .
An inground pool is pooring with water. The shallow end is 3 ft deep and gradually slopes to the deepest end, which is 10 ft deep. The width of the pool is 30 ft and the length is
suppose you a business owner and selling cloth. the following represents the number of items sold and the cost for each item. use matrix operation to determine the total revenue ov
how to Multiplying Rational Expressions ? To multiply fractions, or rational expressions, you must multiply the numerators and then multiply the denominators. Here's how it is
do we calculate midpoints from classes or from class boundaries
A one-line diagram of a simple three-bus power system is shown in Figure 1 with generation at bus 1. The magnitude of voltage at bus 1 is adjusted to 1.05 per unit. The scheduled l
In the adjoining figure, ABCD is a square of side 6cm. Find the area of the shaded region. Ans: From P draw PQ ⊥ AB AQ = QB = 3cm (Ans: 34.428 sq cm) Join PB
Q. Samantha wrote a computer program to randomly generate two-digit numbers between 00 and 99. Let X be the random 2 digit number generated by the computer. Find the distributio
In these problems we will begin with a substance which is dissolved in a liquid. Liquid will be entering as well as leaving a holding tank. The liquid entering the tank may or may
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