Expected opportunity loss or eol method, Mathematics

Assignment Help:

Expected opportunity loss or EOL method

EOL method is aimed at minimizing the expected opportunity loss or OEL. The decision maker chooses the strategy along with the minimum expected opportunity loss

 


Related Discussions:- Expected opportunity loss or eol method

Relative frequency definition, Relative Frequency  This type of probab...

Relative Frequency  This type of probability requires us to make some qualifications. We define probability of event A, occurring as the proportion of times A occurs, if we re

Trade discount, on 30 april, anthony purchased television invoiced at rm 69...

on 30 april, anthony purchased television invoiced at rm 6999 with cash discount terms of 2/10, 1/15, n/30 and also a trade discount 1.5%, 2%, 3.25%. In order to pay the invoice, h

Example of probability, Example of Probability: Example: By using...

Example of Probability: Example: By using a die, what is the probability of rolling two 3s in a row? Solution: From the previous example, there is a 1/6 chance of

Solve sin (3t ) = 2 trig function, Solve sin (3t ) = 2 . Solution T...

Solve sin (3t ) = 2 . Solution This example is designed to remind you of certain properties about sine and cosine.  Recall that -1 ≤ sin (θ ) ≤ 1 and -1 ≤ cos(θ ) ≤ 1 .  Th

Equivelent ratios, if 2 ballons cost 12 coins,use equivelent ratios to see ...

if 2 ballons cost 12 coins,use equivelent ratios to see how many coins 8 ballons would cost

Example of word problems involving money, Example of Word Problems Involvin...

Example of Word Problems Involving Money: A collection of coins consists of nickels, dimes & quarters. The number of quarters is double the number of nickels, and the number o

Find out ratio, the sides of a right angle triangle are a,a+d,a+2d with a a...

the sides of a right angle triangle are a,a+d,a+2d with a and d both positive.the ratio of a to d  a)1:2 b)1:3 c)3:1 d)5:2 answer is (c) i.e. 3:1 Solution: Applying

Addition and subtraction of rational expressions, Now come to addition and ...

Now come to addition and subtraction of rational expressions.  Following are the general formulas.  (a/c) + (b/c) = (a + b)/c

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd