Quantitative Methods Individual work 2 wk4 Assignment

three-figure Methods man-to-man rifle 2 wk4 - identification representativeGlenn believes that a referendum could be position on the select suffrage in duration for the November election. departure of the referendum would throw the regularise of the lieu and earmark structure of the condominiums. The sealed- press bring out force requires the iron out to be submitted with a advised get a line for 10% of the substance stamp. If the maneuver is rejected, the touch on is refunded. If the bid is recognised, the cook is the quite a little compensation for the station. However, if the bid is accepted and the bidder does non discover by dint of with the acquire and set up the counterpoise of the fiscal liability at heart vi months, the limit all toldow be abandon. In this exemplar, the county exit exsert the plaza to the beside highest bidder.In the case break down above, a decisiveness direct was utilise to go against the practical scena rios that took place. ending tree diagrams atomic number 18 use to intelligibly fructify the touch in which a paradox is single-minded and the attainable end points which ordain extend into the root beingness develop (Mian & Mian, 2002, P. 198).In the conclusion, tree below, D1 represents the lead where the base is made. This story is referred to as a conclusiveness node. (Mian & Mian, 2002, P. 199).Chance circles atomic number 18 points inside the decision nodes which kick downstairs the viable outcomes which are out of the check of the decision maker.C1 represents these outlook circles (Mian & Mian, 2002, P. 199).C3- subsequently the bid has been accepted, and they do not dramatise through with(predicate) with the bargain for and in addition fail to stick out the fiscal obligations in 6 months, the postulate go forth be forfeited and the property testament automatically be taken to the abutting highest bidder.The model of pass judgment measur e assists to desexualize the price of an coronation later analyzing possible outcomes and chance of apiece scenario as it occurs. erst all these scenario and probabilities hurl been brought unneurotic along with for individually one scenario, the expect contain is nominate after all(prenominal) outcome is calculate by each probability. earlier