A businessman has two independant investments A and B available to him, but lacks the capital to undertake both of them simultaneously. He can choose to take A first and then stop, or if A is sucessful then take B or vice versa. The probability of success on A is 0.7 while for B it is 0.4. Both investments require initial capital outlay of $2 000 and both return nothing if the venture is unscuessful. Sucessful completion of A will return $ 3 000 (over cost), while sucessful completion of B will return $5 000 (over cost). How would I prepare a rport with the aid of a decision tree adivising the best course of action?
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment