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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.
Samantha owns a rectangular field that has an area of 3,280 square feet. The length of the field is 2 more than twice the width. What is the width of the field? Let w = the wid
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Q. Converting Mixed Numbers to Improper Fractions? Ans. Converting a mixed number to an improper fraction is easy. A single multiplication, and then a single addition:
Two stations due south of a tower, which leans towards north are at distances 'a' and 'b' from its foot. If α and β be the elevations of the top of the tower from the situation, Pr
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