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

Determine the poisson probability distribution, A manufacturer assures his ...

A manufacturer assures his customers that the probability of having defective item is as 0.005. A sample of 1000 items was inspected. Determine the probabilities of having the give

What are various strategies adopted for learning maths, Give some children ...

Give some children around you a task in mathematics. The task should be in an area in which they' have not been given a large dose of algorithms and strategies. Do all of them foll

Evaluate this integral value, The base of a right cylinder is the circle in...

The base of a right cylinder is the circle in the xy -plane with centre O and radius 3 units. A wedge is obtained by cutting this cylinder with the plane through the y -axis in

Determine the probability - conditional probability, A bag of 28 tulip bulb...

A bag of 28 tulip bulbs contains 12 red tulip bulbs, 9 yellow tulip bulbs, and 7 purple tulip bulbs. Two bulbs are selected without replacement. Determine, a) The probability th

Find the curve on the surface - shortest arc lenght, (a) Find the curve on ...

(a) Find the curve on the surface z=x 3/2 joining the points(x,y,z)=(0,0,0) and (1,1,1) has the shortest arc lenght? (b) Use a computer to produce a plot showing the surface an

., There are k baskets and n balls. The balls are put into the baskets rand...

There are k baskets and n balls. The balls are put into the baskets randomly. If k

Prove that cos - sin = v2 sin , If cos?+sin? = √2 cos?, prove that cos? - ...

If cos?+sin? = √2 cos?, prove that cos? - sin? =  √2 sin ?. Ans:    Cos? + Sin? =  √2 Cos? ⇒ ( Cos? + Sin?) 2  = 2Cos 2 ? ⇒ Cos 2 ? + Sin 2 ?+2Cos? Sin? = 2Cos 2 ? ⇒

Math on a spot, compare: 643,251: 633,512: 633,893. The answer is 633,512.

compare: 643,251: 633,512: 633,893. The answer is 633,512.

Horizontal asymptote, The horizontal asymptote of (16x+7)(x^2-5)/(x^2+36).

The horizontal asymptote of (16x+7)(x^2-5)/(x^2+36).

Tied rankings, Tied Rankings A slight adjustment to the formula is mad...

Tied Rankings A slight adjustment to the formula is made if several students tie and have the similar ranking the adjustment is: (t 3 - t)/12 Whereas t = number of tied

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