states of nature
decision poor average good
alternatives economy economy economy
n...
Mathematics, 08.08.2019 01:30, NightSun8891
states of nature
decision poor average good
alternatives economy economy economy
nautical cottage, d1 5 3.5 -1.5
shoreline cottage, d2 3 -1.5 2.5
seaside cottage, d3 -1.5 4.5 6
? suppose the probabilities for poor, average, and good economy are 40%, 25%, and 35% respectively,
c. construct a decision tree (draw it neatly by using ms word/ms excel drawing tool or if you are drawing it by hand, a ruler) and solve it using expected value approach. what is the recommended decision alternative?
d. calculate the expected value of the perfect information (evpi)?
Answers: 1
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Annabelle's homework is 75% it took her three hours how long should she estimate it will take her to complete her homework.
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Mathematics, 22.06.2019 03:00, zianebonankenotdbev
Of the following, which statement or statements accurately reflect a way in which credit can be safer than cash? i. if your credit card gets stolen, you can cancel it and get your money back. ii. it is harder to lose a single credit card than a large number of bills. iii. if a merchant does not honor the agreement, you can call the credit company and dispute the charges. a. i and iii b. ii only c. iii only d. i, ii, and iii
Answers: 3
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