Calculate the probability, Mathematics

Assignment Help:

Given the following decision tree, perform the tasks listed below 

620_Calculate the probability.png

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.


Related Discussions:- Calculate the probability

Trigonometry, Ashow that sec^2x+cosec^2x cannot be less than 4

Ashow that sec^2x+cosec^2x cannot be less than 4

Greatest common factor, Greatest Common Factor The primary method for f...

Greatest Common Factor The primary method for factoring polynomials will be factoring the greatest common factor. While factoring in general it will also be the first thing

Hypergeometric distribution, Hypergeometric Distribution Consider the p...

Hypergeometric Distribution Consider the previous example of the batch of light bulbs. Suppose the Bernoulli experiment is repeated without replacement. That is, once a bulb is

Determine the size of the proposed repayments, Five years ago a business bo...

Five years ago a business borrowed $100,000 agreeing to repay the principal and all accumulated interest at 8% pa compounded quarterly, 8 years from the loan date. Two years after

Where is the bus in relation to the hotel, A bus picks up a group of touris...

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 out the area of the circle, 1. The number of accidents attended to by ...

1. The number of accidents attended to by 6 emergency ambulance stations during a 5 month period was: Station May June July Aug Sep      A        21     20     22    37    37

Vector arithmetic - addition, Vector Arithmetic In this part we need t...

Vector Arithmetic In this part we need to have a brief discussion of vector arithmetic. Addition We will begin with addition of two vectors. Thus, given the vectors a

Descrbe about arithmetic and geometric sequences, Descrbe about Arithmetic ...

Descrbe about Arithmetic and Geometric Sequences? When numbers are listed according to a particular pattern, we call the list a sequence. In a sequence, the numbers are separat

Math, is this free for LIFE that means forever never ever going to pay

is this free for LIFE that means forever never ever going to pay

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd