Question: A cost payoff table is given as Cost Payoff Table State of Nature Decision di 757 809 1035 e B 332 377 e. The expected

A cost payoff table is given as Cost Payoff Table

A cost payoff table is given as Cost Payoff Table

A cost payoff table is given as Cost Payoff Table State of Nature Decision di 757 809 1035 e B 332 377 e. The expected value of perfect information is: f. If the conditional probabilities obtained from sample information / are P(1|s)= 0.1, P(1|s2)= 0.05, P1 | S3)= 0.2, compute the revised or posterior probabilities P(s. 1), P(s2 1 and P(S3). P(sj. si P(si) P(|| Sj) P(Sj) P(|| Sj) P(sj D) SI 0.20 0.10 S2 0.50 0.05 S3 0.30 0.20 1.00 g. Compute expected payoffs for each decision using the revised probabilities, obtained from part f. What choice should be made? A cost payoff table is given as Cost Payoff Table State of Nature Decision di 757 809 1035 e B 332 377 e. The expected value of perfect information is: f. If the conditional probabilities obtained from sample information / are P(1|s)= 0.1, P(1|s2)= 0.05, P1 | S3)= 0.2, compute the revised or posterior probabilities P(s. 1), P(s2 1 and P(S3). P(sj. si P(si) P(|| Sj) P(Sj) P(|| Sj) P(sj D) SI 0.20 0.10 S2 0.50 0.05 S3 0.30 0.20 1.00 g. Compute expected payoffs for each decision using the revised probabilities, obtained from part f. What choice should be made

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