Draw an influence diagram to represent the decomposition

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Reference no: EM131524041

Question: 1. Explain in your own words the idea of subjective probability.

2. Explain in your own words the difference between assessing the probability for a discrete event and assessing a probability distribution for a continuous unknown quantity

3. Suppose your father asked you to assess the probability that you would pass your decision-analysis course. How might you decompose this probability assessment? Draw an influence diagram to represent the decomposition.

Reference no: EM131524041

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