Question: C=5 N1 1. Consider the decision table given below. Find which Profits decision will be taken, as a function of c (a real number) S1

C=5 C=5 N1 1. Consider the decision table given below. Find which Profits

N1 1. Consider the decision table given below. Find which Profits decision will be taken, as a function of c (a real number) S1 according to S2 a. Wald's criterion, Laplace's criterion, and S3 Hurwicz's criterion (take o=0.6). S4 b. Find the range(s) of c for which all three methods uniquely lead to same alternative. N2 3 2 2 6 N4 6 4 2 3 6 N3 4 2 1 1 9 3 6 3

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