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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.
Retail price index This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transp
Two trains leave two different cities 1,029 miles apart and head directly toward every other on parallel tracks. If one train is traveling at 45 miles per hour and the other at 53
To find out the perimeter of a triangular region, what formula would you use? The perimeter of a triangle is length of surface a plus length of side b plus length of side c.
3 years to 104 weeks,express answer in ratio
Ratio of successes in 5 independent trials to the probability of successes in two independent trials is 1/4. What is the probability of 4 successes in 6 independent trials?
Alternate Notation : Next we have to discuss some alternate notation for the derivative. The typical derivative notation is the "prime" notation. Though, there is another notation
1. a) Find the shortest paths from r to all other nodes in the digraph G=(V,E) shown below using the Bellman-Ford algorithm (as taught in class). Please show your work, and draw t
Business Applications In this section let's take a look at some applications of derivatives in the business world. For the most of the part these are actually applications wh
x+2y^2=63 and 4x+y^2=0; Find the area of the regions enclosed by the lines and curves.
all properties, formulas of infinite series
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