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Emmakj07 Emmakj07
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7 years ago
A television network earns an average of 1.6 million each season from a hit program and loses an average of 400,000 each season on a program that turns out to be a flop, and of all programs picked up by this network in recent years, 25 turn out to be hits and 75 turn out to be flops.
  Construct a decision tree to help the television network identify the strategy that maximizes its expected profit in responding to a newly proposed television program. Make sure to label all decision and chance nodes and include appropriate costs, payoffs and probabilities.
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PinkFlowerPinkFlower
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7 years ago
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Emmakj07 Author
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7 years ago
You make an excellent tutor!
gmiannotti
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Yesterday
Good timing, thanks!
Loruiz15
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2 hours ago
Thanks for your help!!
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