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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)

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
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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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