Explain in your own words what an uncertain quantity or random variable is. Why is the idea

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Explain in your own words what an uncertain quantity or random variable is. Why is the idea of an uncertain quantity important in decision analysis?

Use the probability table to find the following:

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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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Question Posted: Dec 22, 2015 02:00 AM

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Explain in your own words what an uncertain quantity or random variable is. Why is the idea

Question:

0.12 0.29 0.41 0.53 0.06 0.59 0.65 0.35 1.00 P(A and B), P(A and B), P(A), P(B), PB), P(B A), PA B), PA B)

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P A and B 012 P B x 035 P ...View the full answer

Making Hard Decisions with decision tools

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