Money & Business
Decision trees and dealing with uncertainty
...write successful with a question mark. Yes, it will be successful, is a 0.75 chance, and therefore, no, it won't be successful, has a 0.25 chance. If it's unsuccessful, the launch will be halted at a cost of 1 million pounds. So let's write that here. -1 million pounds and re-launched in a year's time. So it'll come down here to 1 year, and we'll join those lined up in a...