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 making under uncertainty
Various methods are used to make decision in circumstances whereas only the pay offs are identified and the likelihood of every state of nature are identified
a) Maximin Method
This criterion is based upon the "conservative approach' to suppose that the worst possible is going to occur. The decision maker considers every strategy and locates the minimum pay off for each and then selects that alternative that maximizes the minimum payoff
Demonstration
Rank the products A, B and C applying the Maximin rule b using the given payoff table showing potential losses and profits which are expected to arise from launching these three products in three market situation
Pay off table in £ 000's
Boom condition
Steady state
Recession
Mini profits row minima
Product A
+8
1
-10
Product B
-2
+6
+12
Product C
+16
0
-26
In above table
Ranking the MAXIMIN rule = BAC
The diagrams drawn to given sets are called as Venn diagrams or Eule -Venn diagrams. Here given the universal set U by points within rectangle and the subset A of the set U given b
From the data given below calculate the value of first and third quartiles, second and ninth deciles and forty-fifth and fifty-seventh percentiles.
Scalar Equation of Plane A little more helpful form of the equations is as follows. Begin with the first form of the vector equation and write a vector for the difference. {
find the area of the irregular shape 2cm 4cm 4cm 2cm 5cm 5cm
The cost of shipping a package by Shipping Express is $4.85 plus $2 per ounce of the weight of the package. Sally only has $10 to spend on shipping costs. Which of the subsequent c
i have question like proof, can you please help me on it?
A plane is flying at 200 mph with a heading of 45degrees and encounters a wind mph from the west. What is the velocity and heading?
what is the nearest ten thousand of 92,892?
I want to send to you a file for my question.How. Could you please send my a link for that.
Classify the following discrete-time signals as energy or power signals. If the signal is of energy type, find its energy. Otherwise, find the average power of the signal. X 1
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