Given the information the data analyst has provided, what more data do you think you need to create a decision analysis?Determine the profit payoff for Toy 2 respectively for a highly successful, successful, and not successful case.
Prior to beginning work on this discussion forum, read Chapter 24 of your textbook. Sharpe, N. D., De Veaux, R. D., & Velleman, P. F. (2019). Business statistics (4th ed.). Imagine that you are a successful business executive for a toy company, ChoiceToys. You are tasked to market one of the two new toys for […]