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 two-thirds plus two-thirds?
(8-)
Unit Normal Vector - Three Dimensional Space The unit normal vector is illustrated to be, N (t) = → T' (t) / (|| T → ' (t)||) The unit normal is orthogonal or normal or
The temperature at 6 P.M. was 31°F. Through midnight, it had dropped 40°F. What was the temperature at midnight? Visualize a number line. The drop from 31° to 0° is 31°. There
Evaluate the subsequent integral. Solution This is an innocent enough looking integral. Though, because infinity is not a real number we cannot just integrate as norm
Proof of: lim q →0 (cos q -1) / q = 0 We will begin by doing the following, lim q →0 (cosq -1)/q = lim q →0 ((cosq - 1)(cosq + 1))/(q (cosq + 1)) = lim q
Kelli calls her grandmother every month. Every other month,Kelli also calls her cousin in January, how many calls will Kelli have made to her grandmother and her cousin by the end
Universal set The term refers to the set which contains all the elements such an analyst wishes to study. The notation U or ξ is usually used to denote universal sets.
Adison earned $25 mowing her neighbor''s lawn. Then she loaned her friend $18, and got $50 from her grandmother for her birthday. She now has $86. How much money did Adison have to
in 2000,nearly 18% of cars in north America were sliver. what percent of the cars sold were not sliver?
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