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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.
Consider a class of 55 students. The student names are placed in a hat & 3 names are randomly drawn without replacement. a) If the first person drawn was named the class presi
real life applications of lengrange''s mean value theorem
if .77x + x = 8966.60, what is the value of x?
Nick paid $68.25 for a coat, including sales tax of 5%. What was the original price of the coat before tax? Since 5% sales tax was added to the cost of the coat, $68.25 is 105%
Alternating Series Test - Sequences and Series The final two tests that we looked at for series convergence has needed that all the terms in the series be positive. Actually t
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4into 5 is;
Q. How to Convert Decimals to Percentages? Ans. Remember that when you have a decimal number, the digits to the right of the decimal point have the following meaning:
Find the normalized differential equation which has { x, xe^x } as its fundamental set
Find the distance between the points (b + c, c + a) and (c + a, a + b) . Ans : Use distance formula
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