Question: Expected savings E ( M 1 ) = 1 0 * 0 . 3 + 2 0 * 0 . 2 5 + 3 0
Expected savings
EM
EM
EM
the best policy based on the most probable future criteria is M
Laplace ryke method
L L L Expected Payoff
M
M
M
M is best on this basis
Maximax rule
L L L maximum of row
M
M
M
M has payoff s
Hurwicz rule
L L L max of row min of row PMax Min
M
M
M
M is best policy by this rule
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
