The PrecisionTree Add-In Bidding for a Government Contract at SciTools
{"Image DocumentName": "The PrecisionTree Add-In Bidding for a Government Contract at SciTools", "Image ImageDescription": "For the monetary values, enter the formula = ProdCost in the two cells, D19 and E23, where SciTools wins the contract. Enter the other formulas on probability branches. Using the previous step and the final decision tree as a guide, enter formulas for the probabilities and monetary values on the other probability branches, that is, those following the decision to bid  120,000 or  125,000. We\u2019re finished! The completed tree shows the best strategy and its associated EMV. Once the decision tree is completed, PrecisionTree has several tools we can use to gain more information about the decision analysis.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}