Discuss making a decision using baye's decision rule (probabilities) for the maximax approach, the maximin approach, the
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Discuss making a decision using baye's decision rule (probabilities) for "the maximax approach", "the maximin approach", the "maximum likelihood approach" and how it can be used/applied to your personal life and also in professional situations. Discuss the strengths and weaknesses of the various approaches.
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BAYES DECISION RULE A decision rule in accordance to Baye refers the action that ought to be taken b... View the full answer
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