Decision A Candidate1 1-P1 О P1 Fail Fail 1-P2 O P2 Success Success Candidate2 1-P3 Success О 1-P4 P3 Fail P4 Fail Success Refer to the candidate decision tree tree above for risk analysis. P1 = 0.58 P2 = 0.17 P3 = 0.80 P4 = 0.30

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
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Decision
A
Candidate1
1-P1
О
P1
Fail
Fail
1-P2
O
P2
Success
Success
Candidate2
1-P3
Success
О
1-P4
P3
Fail
P4
Fail
Success
Refer to the candidate decision tree tree above for risk analysis.
P1 = 0.58
P2 = 0.17
P3 = 0.80
P4 = 0.30
Transcribed Image Text:Decision A Candidate1 1-P1 О P1 Fail Fail 1-P2 O P2 Success Success Candidate2 1-P3 Success О 1-P4 P3 Fail P4 Fail Success Refer to the candidate decision tree tree above for risk analysis. P1 = 0.58 P2 = 0.17 P3 = 0.80 P4 = 0.30
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