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?
11% of 56 is what number?
Continuous Random Variable In the probability distribution the sum of all the probabilities was 1. Consider the variable X denoting "Volume poured into a 100cc cup from coff
Describe the Properties of Inequalities ? Postulate In comparing two quantities, say a and b, there are exactly three possibilities. (1) a is less than b. (a b)
Need help figuring perimeter and area.
In a square of side 8 cm two quadrant with taking the side of square as radius are inscribed in the square..
1) Compute the center of mass of the solid of unit density 1 bounded (in spherical coordinates) by p=1 and by φ is greater than or equal 0 and less than or equal pi/4
The population of Hamden was 350,000 in 1990. By 2000, the population had decreased to 329,000. What percent of decrease is this? First, ?nd out the number of residents who lef
Average Function Value The first application of integrals which we'll see is the average value of a function. The given fact tells us how to calculate this. Average Functi
how do we figure it out here is an example 3,4,6,9,_,_,_,_,_,. please help
what is the importance of solid mensuration?
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