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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.
chapter permutation & combination ex :4.6
One-sided limits: We do this along with one-sided limits. As the name implies, with one-sided limits we will just looking at one side of the point in question. Following are the
Q. Addition Involving Negative Numbers? Ans. When you add together positive and negative numbers, there are essentially three possibilities that you can encounter. Let's e
Find out the length of y = ln(sec x ) between 0 x π/4. Solution In this example we'll need to use the first ds as the function is in the form y = f (x). So, let us g
Formulas for the volume of this solid V = ∫ b a A ( x) dx V = ∫ d c A ( y ) dy where, A ( x ) & A ( y ) is the cross-sectional area of the solid. There are seve
The following exercises may help you to look more closely at the activities done above. E1) Why did the two dice game become more difficult? E2) Do you find the activities in
Q. Define Combined Functions? Ans. We are often interested in functions which combine a trigonometric function with another type of function. For example, y = x + sinx wi
How will you find the vertex of a parabola given in 2nd degree form (the axis of parabola is not parallel to coordinate axes)? Ans) Write the equation in type of standard form.
remainder theorem
1-tan^2 A/1+tan^2 = cos A - sinA/cos A
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