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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
Normal Distribution Figure 1 The normal distribution reflects the various values taken by many real life variables like the heights and weights of people or the ma
wha is intergration?
Solve following 4e 1+3 x - 9e 5-2 x = 0 . Solution Here the first step is to get one exponential on every side & then we'll divide both sides by one of them (that doesn'
What are the Three Sides of a Right Triangle? Each side of a right triangle can be labeled opposite, adjacent, or hypotenuse, based on its relationship to the right angle and o
6 muliplied by 2
solution for this project
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ABCD is a rectangle. Δ ADE and Δ ABF are two triangles such that ∠E=∠F as shown in the figure. Prove that AD x AF=AE x AB. Ans: Consider Δ ADE and Δ ABF ∠D = ∠B
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A baseball card was worth $5.00 in 1940. It doubled in value every decade. How much was it worth in 2000?
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