Question: please answer asap! will guve thumbs up! If a student attends every management science class, the probability of passing the course is 0.80; but if

please answer asap! will guve thumbs up! please answer asap! will guve thumbs up! If a student attends every

If a student attends every management science class, the probability of passing the course is 0.80; but if the student only attends randomly, then the probability of passing the course is 0.50. If a student fails, he or she can take a makeup exam where the probability of passing is 0.60 if the student has attended every class. This probability of passing the makeup exam drops to 0.10 if the student has attended at random. Passing the course is worth 5 credits. Full time attendance costs 3 credits in terms of energy and time, whereas random attendance costs" only 1 credit. Use a decision tree to decide which is the best attendance pattern to adopt. Assume that all failing students take the make up exam and that the payoff for failing is equal to 0. Passs 5 Attend (3) -O Pass6 Fall 2 Pil Passs 5 Random (1) Pass 1 s F 5 F. Should the student attend all classes or attend randomly? Attend all No answer text provided. Attend at random MacBook

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!