Question: Chapter 13 Hw Q3 Please answer all sections thank you Suppose that the decision maker obtained the probabilities P(s1)=0.65,P(s2)=0.15, and P(s3)=0.20. Use the expected value

Chapter 13 Hw Q3 Please answer all sections thank you

Chapter 13 Hw Q3 Please answer all sections thank you Suppose that

Suppose that the decision maker obtained the probabilities P(s1)=0.65,P(s2)=0.15, and P(s3)=0.20. Use the expected value approach to determine the optimal decision. EV(d1)=EV(d2)= The optimal decision is

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