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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.
Finding Absolute Extrema : Now it's time to see our first major application of derivatives. Specified a continuous function, f(x), on an interval [a,b] we desire to find out the
If the ratios of the polynomial ax 3 +3bx 2 +3cx+d are in AP, Prove that 2b 3 -3abc+a 2 d=0 Ans: Let p(x) = ax 3 + 3bx 2 + 3cx + d and α , β , r are their three Z
crystal ball pert
if oranges are bought at the rate of 11 for rupees 10 and are sold at the rate of 10 for rupees 11, find the profit percent
Using the same mean and standard deviation from problem 10 (mean m = 20.1 and a standard deviation s = 5.8). Joe was informed that he scored at the 68 th percentile on the ACT, wh
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A farmer grows apples on her 400-acre farm and must cope with occasional infestations of worms. If she refrains from using pesticides, she can get a premium for "organically grown"
how do you solve simultaneous equation?
I need assignment help for Equal Matrices. can you please define Equal Matrices?
Three quantities a, b and c are said to be in harmonic progression if, In this case we observe that we have to consider three terms in o
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