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
A bucket of height 8 cm and made up of copper sheet is in the form of frustum of right circular cone with radii of its lower and upper ends as 3 cm and 9 cm respectively. Calculate
If the squared difference of the zeros of the quadratic polynomial x 2 + p x + 45 is equal to 144 , find the value of p.
a statisics professor plans classes so carefully that the lengths of her classes are uniformly distributed between 46.0 and 56.0 minutes. find the probability that a given class pe
Critical Point Definition : We say that x = c is a critical point of function f(x) if f (c) exists & if either of the given are true. f ′ (c ) = 0 OR f ′ (c
Q. Show Inverse Trigonometric Functions? Ans. Many functions, including trig functions, are invertible. The inverse of trig functions are called ‘inverse trig functions'.
what is the greatest projection range down an inclined plane? how we will calculate that?
Justin weighed 8 lb 12 oz while he was born. At his two-week check-up, he had gained 8 ounces. What was his weight within pounds and ounces? There are 16 ounces within a pound.
Important formulas d (a b )/ dx = 0 This is a constant d ( x n ) / dx = nx n -1 Power Rule d (a x ) / dx = a x l
Consider the following interpolation problem: Find a quadratic polynomial p(x) such that p(x0) = y0 p’(x1) = y’1 , p(x2) = y2 where x0 is different from x2 and y0, y’1 , y2 a
who ,why and when discovered unitary method
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