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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.
Solve the subsequent differential equation. 2xy - 9 x 2 + (2y + x 2 + 1) dy/dt = 0 Solution Let's start off via supposing that wherever out there in the world is a fun
The Mean Value Theorem for Integrals If f(x) is a continuous function on [a,b] then here is a number c in [a,b] thus, a ∫ b f(x) dx = f(c)(b -a) Proof Let's begin
what is 3/4+i=
A bus picks up a group of tourists at a hotel. The sightseeing bus travels 2 blocks north, 2 blocks east, 1 block south, 2 blocks east, and 1 block south. Where is the bus in relat
Find the are of the rectilinear.if it is the difference between to isosceles trapezoid whose corrsponding sides are parallel.
Proof of the Derivative of a Constant : d(c)/dx = 0 It is very easy to prove by using the definition of the derivative therefore define, f(x) = c and the utilize the definiti
how can i use unit of measurement
Leo works at the Bagel Shop after school and on Saturdays. He is paid $4.00 per hour after school and $5.00 per hour on Saturday. Last week Leo worked a total of 12 hours and made
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Multiplication of complex numbers: Example 1: Combine the subsequent complex numbers: (4 + 3i) + (8 - 2i) - (7 + 3i) = Solution: (4 + 3i) + (8 - 2i) - (7 + 3i
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