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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.
Sam''s sport''s equipment sells footballs. They maximized their profitability last year at (6,4) where x represents employees and P(x) represents profitability. Sam noticed that wh
Audrey is creating a increased flowerbed which is 4.5 ft by 4.5 ft. She requires computing how much lumber to buy. If she requires knowing the distance around the flowerbed, which
?[1,99] x^5+2x^4+x^3+5x^2+6x+2÷x^2+2x
Question: The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature. (a) Construct a decision tr
The base and corresponding altitude of a parallelogram are 10 cm and 12 cm reap. If the other altitude is 8 cm , find the length of the other pair of parallel side
Formulas Now there are a couple of nice formulas which we will get useful in a couple of sections. Consider that these formulas are only true if starting at i = 1. You can, obv
larry spends 3/4 hours twice a day walking and playing with his dog. He spends 1/6 hours twice a day feeding his dog. how much time does larry spend on his dog each day?
1) Compute the center of mass of the solid of unit density 1 bounded (in spherical coordinates) by p=1 and by φ is greater than or equal 0 and less than or equal pi/4
I figured out the volume and the width, but I have no idea how to use that information to get the height and the length!
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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