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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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mathdawg33 mathdawg33
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2 years ago
Use the information below to answer the following question(s).

The following decision tree is partially completed for a company that is deciding to build a large or small facility for a new product that will face demand that is strong or weak. The company has an option to perform a market survey that will cost $4,000 that will predict a strong or weak market. The payoffs for each combination of facility size and demand are also shown.



Given the survey will predict a strong market, the probability that demand for the new product will be weak is ________.

▸ 0.30

▸ 0.40

▸ 0.50

▸ 0.60
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
Author:
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jamesbovejamesbove
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2 years ago
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mathdawg33 Author
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2 years ago
Smart ... Thanks!
Fleury
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Yesterday
Correct Slight Smile TY
smdavis
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2 hours ago
Thanks
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