Ask Question
19 December, 06:46

A shoe manufacturer has created a decision tree with costs of different marketing strategies and the two possible outcomes from each strategy. What other data does the company need to include in the decision tree to calculate the expected values for each choice?

+3
Answers (1)
  1. 19 December, 09:17
    0
    The probability of each outcome

    Explanation:

    The probability of an event Bis the number of ways event B can occur divided by the total number of possible outcomes. Also it describes the probability of an event taking place and the chance that the event will occur as a result of an experiment carrier out.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A shoe manufacturer has created a decision tree with costs of different marketing strategies and the two possible outcomes from each ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers