subject
Business, 05.12.2019 23:31 supasavb99

Apayoff table is given as

choices

x

y

z

states of nature

probability

a

.2

250

300

600

b

.5

750

-250

500

c

.3

500

1200

500
". a. recommend a decision for each of the following: optimistic, conservative and minimax regret. b. what is the expected payoff under uncertainty for each choice? what is the best choice? c. what is the expected payoff under certainty (making the best choice for each state of nature)? d. what is the expected opportunity loss for selecting choice z? e. what is the expe cted value of perfect information? "

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Answers: 2

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Apayoff table is given as

choices

x

y

z

...
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