Minimax and decision tree payoff questions

Assignment Help Mathematics

Reference no: EM13130560

I have 3 individual questions related to a class lecture that we had on Payoff Alternatives and Regret. These questions should be VERY simple, and probably take less than 2 minutes to answer... so I believe that one (1) credit is reasonable for the quick answers...

1. Is it true that the payoff at the end of a decision tree represents everything along the path leading to that end?

2. Are the several potential outcomes resulting from a decision called "decision alternatives", or are they called "states" ?

3. For a given event, if the payoffs for alternatives 1, 2, and 3 (the only alternatives) are 50, 125, and -50 respectively, what is the regret associated with alternative 1?

Reference no: EM13130560

Questions Cloud

What is the end of project cash flow : A firm believes it can generate an additional $250,000 per year in revenues for the next 5 years if it replaces existing equipment with new equipment that costs $210,000.

How long will it take oxygen gas to effuse : How long will it take 10.0 mL of oxygen gas to effuse through a porous barrier if it has been observed that 81.7 minutes are required for 10.0 mL of Cl2 gas to effuse through the same barrier?

Allocate and depreciate difference between implied and book : Pullman Corporation acquired a 90% interest in Sleeper Company for $6,500,000 on January 1 2010. At that time Sleeper Company had common stock of $4,500,000 and retained earnings of $1,800,000.

Which type is generally viewed as more reliable : Auditing standards require the confirmation of accounts receivable in normal circumstances. What are the three exceptions to this requirement? Or describe the differences between positive and negative confirmations. Which type is generally viewe..

Minimax and decision tree payoff questions : For a given event, if the payoffs for alternatives 1, 2, and 3 (the only alternatives) are 50, 125, and -50 respectively, what is the regret associated with alternative 1?

Balance sheet of starbucks company : If your are one of the audit team members who is auditing Starbucks company, suggest some procedures you think the audit team would use to complete their audit work on the the inventory accounts on the balance sheet of Starbucks company.

Compute the concentration and the stoichiometry : The volume of potassium permanganate required to titrate 10 mL of the new hydrogen peroxide (mL):20mL (c) Calculate the concentration of H2O2 from the volume of KMnO4 used and the stoichiometry of the reaction (MW of H2O2 is 34.01).

What is its molecular formula : A compound contains 69.94 percent iron and 30.06 percent oxygen. What is its molecular formula if the molar mass of the compound is 199.55 grams per mole?

Describe whether john is entitled to a bad debt deduction : Though Maze was listed as a co-borrower, John repaid the loan in full in 2011. On Maze’s Form 1120 tax returns, no loans from shareholders were reported. Describe whether John is entitled to a bad debt deduction for the amount of the payment on th..

User Account

All Pages