Question: P(sj|) A cost payoff table is given as Cost Payoff Table Sj P(si) p(i| sj) P(sj) P(|| Sj) P(sj|D) 53 si 0.20 0.10 0.02 0.19

P(sj|) A cost payoff table is given as Cost

P(sj|) A cost payoff table is given as Cost Payoff Table Sj P(si) p(i| sj) P(sj) P(|| Sj) P(sj|D) 53 si 0.20 0.10 0.02 0.19 State of Nature Decision s1 s2 di 1185 1038 1172 413 d3 497 944 635 1198 891 S2 0.50 10.05 0.025 0.24 a. The optimistic strategy is: s3 0.30 10.20 0.06 0.57 b. The pessimistic strategy is: 1.00 0.105 1 c. The minimax regret strategy is: d. If the P(s)=0.2, P(52)=0.5, and P(53)=0.3, respectively, then the expected payoff strategy is: g. Compute expected payoffs for each decision using the revised probabilities, obtained from part f. What e. The expected value of perfect information is: choice should be made? f. If the conditional probabilities obtained from sample information / are pl1 | S1)= 0.1, PC1 | s2)= 0.05, P(1 $3) = 0.2, compute the revised or posterior probabilities P(s. 10. P(82) and P(531). Please answer all parts of the

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