Determine the profit payoff for toy 2 respectively

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Reference no: EM133417603

Assignment:

You will need to speak to the data analyst and get more information so you can develop a decision analysis. Given the information the data analyst has provided, what more data do you think you need?

Toy 2 has been in the market, is known to consumers, and is in demand; however, it has two other competitors in the marketplace. If marketed, ChoiceToys will be one of the three companies selling this toy in the market in the upcoming holiday season. You will have to determine the profit payoff for Toy 2 respectively for a highly successful, successful, and not successful case. You will also need to determine the probability that Toy 2 will be highly successful in the market and equal chances for being successful or not successful in the market.

Reference no: EM133417603

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