please answer in 30 mins. in details. The scientist of spectrum have come up with anelectric mop. The firm is ready for pilot productionand test marketing.This will cost tk 20 million andtake six months.Management believes that there is 70% chance thatthe pilot production and test market will besuccessful. In case of success, spectrum can build aplant costing tk 150 million. The plant will generatean annual cash flow of tk 30 million for 20 years ifdemand is high and 20 million if demand is low.High demand has probability of .6 ; low demand hasa probability of 0.4. what is the optimal course ofaction using decision tree analysis? Assume discountrate is 12%.

Decision trees are a visual representation and analytical tool used in decision analysis. They…

Answered: a probability of 0.4. what is the…

Engineering

Computer Science

a probability of 0.4. what is the optimal course of action using decision tree analysis? Assume discount rate is 12%.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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