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Dexa Scan

EMScan Weight Loss Body Metrics Analysis Probability

Favorable Market $$500,000$ $$350,000$ $$100,000$

$\mathrm{.}7$

Unfavorable Market $-$$$350,000-$$$200,000-$$$100,000$

$\mathrm{.}3$

Using BOTH decision making under uncertainty and risk guides, please answer the following questions:

a$)$what would I choose if I felt optimistic about the outcome?

b$)$What would I choose if I were pessimistic?

c$)$What would I choose if I used the criterion of realism with an alpha of $0\mathrm{.}6$

d$)$What would I choose using equally likely?

e$)$What would I choose using minimax regret?

f$)$What is the EMV of the decision?

g$)$What would I pay for a report that accurately predicts the market outcome?

h$)$What would be my choice if I used the Min EOL criteria?

i$)$Given all those outcomes, what would you suggest and why?