Question: A decision maker has developed the decision tree shown in the following figure. Decision Tree A decision tree has 0 answer blanks. Refer to the
A decision maker has developed the decision tree shown in the following figure.
Decision Tree
A decision tree has answer blanks. Refer to the adjacent list for more details.
Description
How sensitive is the choice between N and P to the probabilities of states of nature U and V and which would you choose? Let
p PU
Round your answer to four decimal places.
The decision maker should choose N if p is greater than or equal to
and less than or equal to
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