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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?

Answer :

isaacoranseola

Answer:

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.

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