Question: Use graphical sensitivity analysis to determine the range of values of the probability of state of nature s 1 over which each of the decision

  1. Use graphical sensitivity analysis to determine the range of values of the probability of state of nature s1 over which each of the decision alternatives has its largest expected value.

    Demand

    Alternative

    Strong(S1)

    Weak(S2)

    Version1(d1)

    40

    -15

    Version2(d2)

    30

    40

    Version3(d3)

    10

    50

    What is the probability range for decision d2?

    A.

    Probability range for decision d1 is 0.33 <= P<= 0.68
    B.

    Probability range for decision d1 is 0.33 <= P<= 0.85
    C.

    Probability range for decision d1 is 0 <= P<= 0.85
    D.

    Probability range for decision d1 is 0.85 <= P<= 1

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