Question: Consider the following statistical decision problem with O= {01, 02} and D {d1, d}. The loss matrix is given by the following table: -2

Consider the following statistical decision problem with O= {01, 02} and D

Consider the following statistical decision problem with O= {01, 02} and D {d1, d}. The loss matrix is given by the following table: -2 02 3 -4 Let D be the set of all randomized decision rules 8. a) Determine the set of risk points for this decision problem. b) Find and describe the minimax rule(s) among all randomized decision rules.

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