Question: myopenmath.com C *[Solved] Answer the following questions using the information pro. Homework Help - Q&A from Online Tutors - Course Hero + M MyOpenMath Answer
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myopenmath.com C *[Solved] Answer the following questions using the information pro. Homework Help - Q&A from Online Tutors - Course Hero + M MyOpenMath Answer the following questions using the information provided below and the decision tree. P($1) = 0.56 P(F | $1) = 0.78 P(U | $2) = 0.80 51 F - $3,800 52 /F - -$500 F S,IF $4,500 With Sample $2 F _$1,200 Information S,| U - $3,800 5 2 U -$500 U S U $4,500 52 U -$1,200 S1 $3,800 Without Sample 52 . -$500 Information $1 dz $4,500 - -$1,200 a) What is the expected value of the optimal decision without sample information? S 1992 Calculate the required posterior probabilities accurate to 3 decimal places. Do not round intermediate calculations. b) If sample information is favourable (F), what is the expected value of the optimal decision?Calculate the required posterior probabilities accurate to 3 decimal places. Do not round inten'nediate calculations. b] If sample information is favourable {F}, what is the expected value of the optimal decision? 3 3245 x H c] If sample information is unfavourable [U], what is the expected value of the optimal decision? 3 son x H d] What is the expected 1ralue with sample information, EVwithSI? 3 2511.03 x e} Calculate EVER 3 619.03 x ICheck
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