currently at the bottom uncertainty node that is circled we have Pr(national success | don't market locally, and market nationally) =0.5. at what value of this probability will your decision to market locally vs. don't market locally change?

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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1
please look at both pics for full diagram:
Don't Market
Nationally
Local
Success
.60
National
Success
12
.70
Market
Nationally
National
Failure
.30
6.
Market
Don't Market
Nationally
-2
Locally
Local
Failure
.40
National
Success
8.
.40
Market
Nationally
National
Failure
.60
-12
Don't Market
Locally
Don't Market
Nationally
National
Success
50
10
Market
Locally
Don't Market
Nationally
Local
Failure
.40
National
Success
8.
.40
Market
Nationally
National
Failure
.60
-12
5
Don't Market
Locally
Don't Market
Nationally
National
Success
10
50
Market
Nationally
National
Failure
.50
Transcribed Image Text:please look at both pics for full diagram: Don't Market Nationally Local Success .60 National Success 12 .70 Market Nationally National Failure .30 6. Market Don't Market Nationally -2 Locally Local Failure .40 National Success 8. .40 Market Nationally National Failure .60 -12 Don't Market Locally Don't Market Nationally National Success 50 10 Market Locally Don't Market Nationally Local Failure .40 National Success 8. .40 Market Nationally National Failure .60 -12 5 Don't Market Locally Don't Market Nationally National Success 10 50 Market Nationally National Failure .50
Op>.688
Op<,501
Op<.688
O The optimal decision will not change
Op>.501
currently at the bottom uncertainty node that
is circled we have Pr(national success | don't
market locally, and market nationally) =0.5. at
what value of this probability will your
decision to market locally vs. don't market
locally change?
please look at picture for the choices
Transcribed Image Text:Op>.688 Op<,501 Op<.688 O The optimal decision will not change Op>.501 currently at the bottom uncertainty node that is circled we have Pr(national success | don't market locally, and market nationally) =0.5. at what value of this probability will your decision to market locally vs. don't market locally change? please look at picture for the choices
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