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!
Question:
The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature.
(a) Construct a decision tree for this problem.
(b) If the decision maker knows nothing about the probabilities of the three states of nature, what is the recommended decision using the optimistic, pessimistic and minimax regret approaches?
(c) Suppose that the decision maker has obtained the probability assessments: P(S1) =0:65, P(S2) = 0:15, and P(S3) = 0:20.
(1) Use the expected value approach to determine the optimal decision.
(2) What is the optimal decision strategy if perfect information were available?
(3) What is the expected value for the decision strategy developed in part (2)?
(4) Using the expected value approach, what is the recommended decision without perfect information? What is the expected value?
(5) What is the expected value of perfect information?
what is an pie chart
Example : Determine the Taylor series for f(x) = e x about x=0. Solution It is probably one of the easiest functions to get the Taylor series for. We just require recallin
i need help in discrete mathematics on sets, relations, and functions.
what is greater than three forths
E1) Why don't you think of some activities for the same purpose now? E2) Suggest, in detail, another activity for helping a child grasp the algorithm for division. We come to
-3+4 #Minimum 100 words accepted#
The formula for the surface area of a sphere is 4πr 2 . What is the surface area of a ball with a diameter of 6 inches? Round to the nearest inch. (π = 3.14) If the diameter o
Question: Find Fourier series for the periodic function of period 2 π,defined by f(x) = x 4 , - π ≤ x ≤ π
Decision-Making Under Conditions of Certainty Conditions of certainty tend to be rare, especially when significant decisions are involved. Under conditions of certainty, decis
There are really three various methods for doing such integral. Method 1: This method uses a trig formula as, ∫sin(x) cos(x) dx = ½ ∫sin(2x) dx = -(1/4) cos(2x) + c
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