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Unit 2 Formulae
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Unit 2 Formulae
Net gain
- Expected value - Initial cost of decision
Expected value of a decision with two possible outcomes
- Pay-off of B x Probability of B
- Pay-off of A x probability A
- Probability of A + Probability of B = 1.0
- Pay-off of B x Probability of B
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- A level Business Studies Mind Map on Unit 2 Formulae, created by Jay Battersby on 20/01/2018.
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- Jay Battersby
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