Question: 1. Referring to Sensitivity and Probability, what are the differences between a pessimistic, a most likely, and an optimistic estimate? Why would you present these
1. Referring to Sensitivity and Probability, what are the differences between a pessimistic, a most likely, and an optimistic estimate? Why would you present these scenarios?
2. How does rationing affect Capital Decisions? Distinguish between Independent Opportunities and Mutually Exclusive Opportunities.
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