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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.
cos 8
Calculate the volume and surface area of a cube: Calculate the volume and surface area of a cube with a = 3". Be sure to involved units in your answer. Solution: V =
d^2y/dx^2 if x=ct,y=c/t
is 4x-9 a polynomial function?
prove:
Correlation and Regression Correlation CORRELATION is an important statistical concept which refers to association or interrelationship among variables. The reasons of
A tent originally sold for $260 and has been marked down to $208. What is the percent of discount? Find out the number of dollars off. $260 - $208 = $52. Further, determine wha
Making Equally Sized Groups : By the time children reach Class 1 or 2, they would have had many experiences of pairs of objects-pairs of shoes, pairs of eyes, ears, arms, legs, w
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what is commercial mathematics profit and loss
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