Quiz # 2 IENG 421 Decision Analysis Name: I.D.: (a) Define deterministic dominance and stochastic dominance. (2 points) 0.3 1500 0.4 100 High-Risk Stock (-200) -1000 0.3 (b) For the decision tree: (8 points) i - Estimate the EMV of each alternative ii- Draw the risk profile of each alternative iii- Is there alternative that have deterministic or stochastic dominance? Show why? 1000 0.4 200 Low-Risk Stock (-200) -100 Savings Account 500 Quiz # 2 IENG 421 Decision Analysis Name: I.D.: (a) Define deterministic dominance and stochastic dominance. (2 points) 0.3 1500 0.4 100 High-Risk Stock (-200) -1000 0.3 (b) For the decision tree: (8 points) i - Estimate the EMV of each alternative ii- Draw the risk profile of each alternative iii- Is there alternative that have deterministic or stochastic dominance? Show why? 1000 0.4 200 Low-Risk Stock (-200) -100 Savings Account 500