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 functions {sinmx; cosmx}; m = 0,....∞ form a complete set over the interval x ∈ [ -Π, Π]. That is, any function f(x) can be expressed as a linear superposition of these
Question: Find the quotient and remainder when f(x) = x 5 - x 4 - 4x 3 + 2x + 3 is divided by g(x) = x-2. Make sure the quotient and remainder are clearly identified.
Draw a line segment AB of length 4.4cm. Taking A as centre, draw a circle of radius. 2cm and taking B as centre, draw another circle of radius 2.2cm. Construct tangents to each cir
to which subset of the real number does the number 22 belong?
4.2^2x+1-9.2^x+1=0
how to learn integration?easier
2x+57=65 find x
Definition 1. Given any x 1 & x 2 from an interval I with x 1 2 if f ( x 1 ) 2 ) then f ( x ) is increasing on I. 2. Given any x 1 & x 2 from an interval
EXPLAIN ME ABOUT ITS FUNCTIONS.
If tanx+secx=sqr rt 3, 0 Ans) sec 2 x=(√3-tanx) 2 1+tan 2 x=3+tan 2 x-2√3tanx 2√3tanx=2 tanx=1/√3 x=30degree
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd