Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the best decision investment based on the probabilities listed in the table below: 4 After the above analysis was completed, also estimated probabilities

what is the best decision investment based on the probabilities listed in the table below:

image text in transcribed
4 After the above analysis was completed, also estimated probabilities of occurrences for the success of each investment. The following table shows these probabilities. What is the best investment decision based on these probabilities? Success Level Investment Total Failure Low Success Moderate Success Very Successful Artificial Intelligence 0.34 0.32 0.25 0.09 Flying Drones 0.34 0.41 0.18 0.07 Ground Robotics 0.25 0.32 0.32 0.11 3D-Metal Printing 0.2 0.26 0.43 0.11 Blockchain 0.08 0.35 0.47

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Homework Clubs Preparing For Algebra Math Help For Struggling Kids

Authors: Susan Everingham

1st Edition

1723708585, 978-1723708589

More Books

Students also viewed these Mathematics questions