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A company is evaluating the introduction of two new products. The success of these products depends on consumer reactions. These can be summarized as good
A company is evaluating the introduction of two new products. The success of these products depends on consumer reactions. These can be summarized as good with probability P(S1) and bad, P(S2). Estimated revenues (in thousands of dollars) are presented in the following table:) are presented in the following table:
Decison | S1 | S2 |
Producto 1 | 125 | 60 |
Producto 2 | 105 | 65 |
Determine the probability with the expected value that product 1 is the same as product 2
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