HW4_Prob7.6_solution - #NAME? #NAME? #NAME? #NAME? #NAME?...

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Normal mean Stdev Price 20 Monthly downloads 400 50 Probability of openning 0.8 Refund 1 20 Refund 2 5 Prob.(refund1) 0.7 Monthly downloads #people cannot open #people taking refund 1 #people taking refund 2one month profit #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
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Unformatted text preview: #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? first year profit #NAME? It is not correct to simulate one month profit and use that multiplied by 12 to be the yearly profit because that implies that each month has the same profit....
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This note was uploaded on 04/04/2012 for the course MGMT 306 taught by Professor Staff during the Spring '08 term at Purdue University-West Lafayette.

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HW4_Prob7.6_solution - #NAME? #NAME? #NAME? #NAME? #NAME?...

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