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?
BUILD UPON THE CHILDS BACKGROUND : As you read in previous, each child is unique. Individual children vary in age, level of cognition, background, etc. What implications does thi
find probability
I need help with compound shapes
There are only Chinese and Malay pupils in a hall.The ratio of the number of boys to the number of girls is 2:3.The ratio of the number of Chinese boys to the number of Malay boys
Find the sum-of-products expression for subsequent function, F (x,y,z) = y + Z‾ Ans: The sum of the product expression for the following function f is DNF (disjunc
x>4
Application Interpolation and extrapolation are widely used by businessmen, administrators, sociologists, economists and financial analysts. While interpolation hel
In a periscope, a pair of mirrors is mounted parallel to each other as given. The path of light becomes a transversal. If ∠2 evaluate 50°, what is the evaluation of ∠3? a. 50°
Q. Graphing Sets of Numbers? Ans. To graph a set of numbers on a number line means to plot, or locate, those positions on the line. The number that corresponds to a poin
Two Tailed Tests A two tailed test is generally used in statistical work as tests of significance for illustration, if a complaint lodged by the client is about a product not m
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