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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.
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
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
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
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
(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 randomly. If k
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 ? ⇒
compare: 643,251: 633,512: 633,893. The answer is 633,512.
The horizontal asymptote of (16x+7)(x^2-5)/(x^2+36).
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
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