A.A product which was certain to weigh 130 grams, but which had a guaranteed lifetime of only 1 year. B.A gamble which offered a 0.7 probability of a product with a weight of 130 grams and a guaranteed lifetime of 3 years and a 0.3 probability of a product with a weight of 290 grams and a guaranteed lifetime of 1 year.Finally, the team leader said that he would be indifferent between alternatives C and D below. C.A product which was certain to weigh 290 grams, but which had a guaranteed lifetime of 3 years. D.A gamble which offered a 0.9 probability of a product with a weight of 130 grams and a guaranteed lifetime of 3 years and a 0.1 probability of a product with a weight of 290 grams and a guaranteed lifetime of 1 year. Question: What further analysis should be conducted before a firmrecommendation can be made to the team leader?
A.A product which was certain to weigh 130 grams, but which had a guaranteed lifetime of only 1 year.
B.A gamble which offered a 0.7
C.A product which was certain to weigh 290 grams, but which had a guaranteed lifetime of 3 years.
D.A gamble which offered a 0.9 probability of a product with a weight of 130 grams and a guaranteed lifetime of 3 years and a 0.1 probability of a product with a weight of 290 grams and a guaranteed lifetime of 1 year.
Question: What further analysis should be conducted before a firmrecommendation can be made to the team leader?
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