Question: please solve questions e, f and g. Solve as soon as possible A cost payoff table is given as Cost Payoff Table State of Nature


please solve questions e, f and g. Solve as soon as possible
A cost payoff table is given as Cost Payoff Table State of Nature Decision si s2 di 358 757 d2 951 444 d3 332 377 53 809 1035 763 a. The optimistic strategy is: b. The pessimistic strategy is: c. The minimax regret strategy is: d. If the P(s)=0.2, P(s2)=0 5 and p(sx)=0.3. respectively, then the expected payoff strategy is. e. The expected value of perfect information is: f. If the conditional probabilities obtained from sample information, are (/(s)= 0.1, A(: | s2)= 0.05, P( | s3)= 0.2, compute the revised or posterior probabilities Ps 10. p(521) and Ps3 ]). e. The expected value of perfect information is: f. If the conditional probabilities obtained from sample information / are P(1|sy)= 0.1, P(1|sy)= 0.05, Pl | s3)= 0.2, compute the revised or posterior probabilities Pls: 1, P[s2]) and Pss |.). P(sj.) Si P(s) psi) P(sj) P(|sj) P(sj|) Si 0.20 0.10 S2 0.50 0.05 S3 0.30 0.20 1.00 g. Compute expected payoffs for each decision using the revised probabilities, obtained from part f. What choice should be madeStep by Step Solution
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