Question: Solve as soon as possible, only 1 hour left Based on the following profit payoff table, answer the following: No 30 40 Alternative Yes Small


Solve as soon as possible, only 1 hour left
Based on the following profit payoff table, answer the following: No 30 40 Alternative Yes Small 10 Medium 20 Medium Large 30 Large 40 Extra Large 60 Prior Probability 0.3 145 35 20 0.7 The optimistic strategy is: The pessimistic strategy is: The maximum likelihood strategy is: CU The minimax regret strategy is: The expected payoff strategy is: + The optimistic strategy is: The pessimistic strategy is: - The maximum likelihood strategy is: The minimax regret strategy is: . The expected payoff strategy is: . The expected value of perfect information isStep by Step Solution
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