Wadada Limited is trying an advertising campaign in three different markets Area, the estimated probability of...

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Wadada Limited is trying an advertising campaign in three different markets Area, the estimated probability of success and the associated additional profits in each of the three markets are provided below. Economic Conditions Market I Market II Market III Profits Probability Profits Probability Profits Probability 10,000 0.4 5000 0.2 16,000 18,000 0.5 8000 25,000 0.1 12,000 Poor Normal Excellent Required: Compute and Rank the Markets according to their riskiness. 0.6 20,000 0.2 25,000 0.5 0.3 0.2 (10 marks) Wadada Limited is trying an advertising campaign in three different markets Area, the estimated probability of success and the associated additional profits in each of the three markets are provided below. Economic Conditions Market I Market II Market III Profits Probability Profits Probability Profits Probability 10,000 0.4 5000 0.2 16,000 18,000 0.5 8000 25,000 0.1 12,000 Poor Normal Excellent Required: Compute and Rank the Markets according to their riskiness. 0.6 20,000 0.2 25,000 0.5 0.3 0.2 (10 marks)

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