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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.
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what will the introduction be ???
Patio measures 24 meters square. Patio stone are 30 cm each side. How many stones are required to cover the patio?
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High Self-esteem Helps Learning : Consider Ajay, a student of Class 2. He is constantly told by his irritated father, "How stupid you are! You don't even understand this! Even yo
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A man invests rs.10400 in 6%shares at rs.104 and rs.11440 in 10.4% shares at rs.143.How much income would he get in all??
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