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Decision based on the Mini-max criterion.
The following is an opportunity loss table.
State of Nature Alternatives
A
B
C
Alternative 1
0
90
85
Alternative 2
50
110
Alternative 3
75
80
What decision should be made based on the mini-max regret criterion?
a. Alternative 1
b. Alternative 2
c. Alternative 3
d. Does not matter
e. State of nature A
Below are one hundred pseudorandom numbers from a uniform pdf. Set up and test the appropriate goodness-of-fit hypothesis. Let α = 0.05.
The conservative degrees of freedom for the t distribution are and The standard error, conservative degrees of freedom
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How many subjects would you approximately need to reduce the length of the 95% confidence interval to 2 units?
Gigi has rolled a natural on four straight tosses of the dice. This excites the gamblers standing around the table.
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