2. Consider the following profit matrix: 0, 02 03 04 Os 20 15 10 11 12 a2 15 20 10 14 16 13 17 15 23 10 az 18 a4 20 12 13 24 No probabilities are known for the occurrence of the nature states. Compare the solutions obtained by each of the following criteria: (a) Laplace (b) Махітin(Miniтах) (c) Savage (d) Hurwitz (assume that a = 0.7)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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2. Consider the following profit matrix:
0, 03 04 0s
20
15
10
11
12
a2
15 20
10
14
16
13
17
15
23
10
az
18 20
a4
12
13
24
No probabilities are known for the occurrence of the nature states.
Compare the solutions obtained by each of the following criteria:
(a) Laplace
(b) Маxіmin(Minimax)
(c) Savage
(d) Hurwitz (assume that a = 0.7)
%3D
Transcribed Image Text:2. Consider the following profit matrix: 0, 03 04 0s 20 15 10 11 12 a2 15 20 10 14 16 13 17 15 23 10 az 18 20 a4 12 13 24 No probabilities are known for the occurrence of the nature states. Compare the solutions obtained by each of the following criteria: (a) Laplace (b) Маxіmin(Minimax) (c) Savage (d) Hurwitz (assume that a = 0.7) %3D
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