1. The marketing research department of company has recommended to the Decision-making department to launch three varieties of Chips. The Department manager has to decide one of the types of Chips to be launched under the following estimated payoffs for various levels of sales: Estimated levels of sales(in thousands) a=8 Type of Chips b=7 Potato chips 50 + a 10 + b 10 c=2 d=9 Banana chips 20 +c 5 +b+c 20 + b * a | Jack fruit chips 55 10 + 2a 1+d What will be the manager's decision under the following decision criteria's? а. Minimax Regret criterion b. Hurwicz Alpha criterion (a=0.2)

1. The marketing research department of company has recommended to the Decision-making department to launch three varieties of Chips. The Department manager has to decide one of the types of Chips to be launched under the following estimated payoffs for various levels of sales: Estimated levels of sales(in thousands) a=8 Type of Chips b=7 Potato chips 50 + a 10 + b 10 c=2 d=9 Banana chips 20 +c 5 +b+c 20 + b * a | Jack fruit chips 55 10 + 2a 1+d What will be the manager's decision under the following decision criteria's? а. Minimax Regret criterion b. Hurwicz Alpha criterion (a=0.2)

Name: please substitute the value of a b c d in question 1. The marketing re
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Description: please substitute the value of a b c d in question 1. The marketing research department of company has recommended to the Decision-making department tolaunch three varieties of Chips. The Department manager has to decide one of the types of Chips to

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.

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please substitute the value of a b c d in question

1. The marketing research department of company has recommended to the Decision-making department to
launch three varieties of Chips. The Department manager has to decide one of the types of Chips to be launched
under the following estimated payoffs for various levels of sales:
Estimated levels of sales(in thousands)
a=8
b=7
c=2
Type of Chips
Potato chips
50 + a
10 + b
10
d=9
20 +c
| Jack fruit chips 55
Banana chips
5 +b+c
20 + b * a
10 + 2a
1+d
What will be the manager's decision under the following decision criteria's?
а.
Minimax Regret criterion
b.
Hurwicz Alpha criterion (a=0.2)

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