=b. Perform sensitivity analysis by re-solving the decision tree (after using the Excel template for posterior probabilities
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=b. Perform sensitivity analysis by re-solving the decision tree (after using the Excel template for posterior probabilities to revise these probabilities) when the prior probability of oil is changed in turn to 0.15, 0.2, 0.3, and 0.35.
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Related Book For
Introduction To Management Science A Modeling And Case Studies Approach With Spreadsheets
ISBN: 9780078096600
4th Edition
Authors: Frederick S. Hillier And Mark S. Hillier
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