2. A decision tree is provided.DevelopProductSell IdeaLease for RoyaltyShow Transcribed TextProduce &MarketSell IdeaCompany ACompany BA. Calculate Expected value (EV) at every node. Show work.B. What is the optimum decision and EV?C. If your risk tolerance is $0, what is the best decision and EV?(.5) Large Market(.5) Low Mkt.(.5) Large Market(.5) Low Mkt.(.5) Large Market(.5) Low Mkt.(.5) Large Market(.5) Low Mkt.Payoff(S millions)5.0-3.03.001.81.06.0-1.01.0

To calculate the expected value we need to multiply the payoff and probability.if it split into two…

Answered: 2. A decision tree is provided. Develop…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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8. Which methods are appropriate for categorical data? f. K-means clustering b. Logistic regression g. Linear regression h. Naïve Bayes i. Map/Reduce a. T-test c. Association rules d. Decision Trees e. Hive j. Pig
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