Probability Analysis

A General Manger of Harley-Davidson has to flow on the bigness of a strange address. The GM has narrowed the choices to two: abundant address or slight address. The corporation has serene knowledge on the payoffs. It now has to flow which liberty is the best using presumption dissection, the judgment tree example, and expected monetary estimate.presumption and relative payoffs: Build Slight: Low Demand0.4($40)=$16High Demand0.6($55)=$33Build Abundant:Low Demand0.4($50)=$20High Demand0.6($70)=$42Determination of Expected Estimate of each alternative
Build Slight: $16+$33=$49
Build Abundant: $20+$42=$62Click here coercion the Statistical Terms resurvey equivocation. Submit your blank in a Word instrument to the Submissions Area by the imputable continuance assigned .
Assignment 2 Grading CriteriaMaximum Points
The diagram is servile and labeled truly. The diagram distinctly illustrates the succession of events and their presumption of occurrences.32A step-by-step breakdown of the calculations coercion the befoulment of presumption and relative payoff is distinctly communicated. The results of the calculations are servile.28Clear and condensed declaration explaining the judgment and a name of elements that bring to the judgment.20Clear and condensed declaration explaining the judgment and a name of elements that bring to the judgment.

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