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The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are given the below written problem.
A physician should choose between two treatments. The patient is known to have one of the two diseases but the diagnosis is not very certain. A thorough examination of the patient was not able to resolve the diagnostic uncertainty. The best which can be said is that the probability which the patient has disease A is p. An easy decision tree for the problem is shown in the figure drawn below.
Balanced incomplete block design : A design in which all the treatments are not used in all blocks. Such designs have the below stated properties: * each block comprises the
replacement problem
The scatter plots of SRES1, RESI1 versus totexp demonstrates that there is non-linear relationship that exists as most of the points are below and above zero. The scatter plots sho
Greenhouse geissercorrection is the method of adjusting the degrees of freedom of the within- subject F-tests in the analysis of the variance of longitudinal data so as to allow t
Median absolute deviation (MAD) : It is the very robust estimator of the scale given by the following equation or, in other words we can say that, the median of the absolute
Negative hyper geometric distribution : In sampling without replacement from the population comprising of r elements of one kind and N - r of another, if two elements corresponding
ACC – A pioneer in the Indian cement industry Associated Cement Companies Ltd. (ACC) came into existence in 1936, after the merger of 10 companies belonging to four important bus
cholscores Treatment income ($000) Patient ID low Income? 0.6 Old 21.3 2 Yes 0.17 Old 27.2 13 Yes 0.69 New 27.1 16 Yes 1.09 Old 94.8
Prepare a 1,400- to 1,750-word paper in which you formulate a hypothesis based on your selected research issue, problem, or opportunity. Address the following: •Describe your sele
Graduation is the term is employed most often in the application of the actuarial statistics to denote procedures by which the set or group of observed probabilities is adjusted t
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