Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Decision Theory
Decisions
There are many types of decision making
1. Decision making under uncertainty
It refer to situations where more than one outcome can result from any single decision
2. Decision making under certainty
Whenever there exists only one outcome for a decision we are dealing along with this category for example linear programming, transportation sequencing and assignment and so on.
3. Decision making by using prior data
This occurs whenever it is possible to employ past experience or prior data to develop probabilities for the happened of each data
4. Decision making with no prior data
No past experience exists that can be utilized to derive outcome probabilities in this case the decision maker uses her or his subjective estimates of probabilities for different outcomes
time=2.82/4000
Classify models based on the degree of their abstraction, and provide some examples of such models.
New England University maintains a data warehouse that stores information about students, courses, and instructors. Members of the university's Board of Trustees are very much inte
Q. Mean and Standard Deviation? Ans. The normal distribution is totally described if we know the average and standard deviation. - the population mean of the distribu
Q. What are Mutually Exclusive events? Mutually Exclusive Events are mutually exclusive if they cannot occur at the same time. For example, if you roll one die, you canno
what is 2+2
What is Monomials and Polynomials in maths? An expression like 7x is called a monomial. A monomial is an integer, a variable, or a product of integers and variables. Other e
Surface Area- Applications of integrals In this part we are going to look again at solids of revolution. We very firstly looked at them back in Calculus I while we found the
1. The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e -0.01t for time t > 0. An electrical system consists of four such components. Th
program of curve revolve and create a surface
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd