A measure of the outcome of a decision such as profit, cost, or time is known as a О payoff O forecasting index O branch O regret b) Chance nodes are O nodes indicating points where a decision is made O nodes provided at the end of the decision alternative branches where a payoff is shown O nodes provided at the end of the states-of-nature branches nodes indicating points where an uncertain event will occur Bayes' theorem is a method used to compute probabilities. O posterior O empirical O prior O conditional

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Author:Erwin Kreyszig
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pls solve this all subparts a) to c) with complete explanation needed urgently will give you many upvotes
A measure of the outcome of a decision such as profit, cost, or time is known as a
---
О рayoff
forecasting index
O branch
O regret
6)
Chance nodes are
nodes indicating points where a decision is made
nodes provided at the end of the decision alternative branches where a payoff is shown
nodes provided at the end of the states-of-nature branches
nodes indicating points where an uncertain event will occur
Bayes' theorem is a method used to compute
probabilities.
posterior
O empirical
O prior
O conditional
Transcribed Image Text:A measure of the outcome of a decision such as profit, cost, or time is known as a --- О рayoff forecasting index O branch O regret 6) Chance nodes are nodes indicating points where a decision is made nodes provided at the end of the decision alternative branches where a payoff is shown nodes provided at the end of the states-of-nature branches nodes indicating points where an uncertain event will occur Bayes' theorem is a method used to compute probabilities. posterior O empirical O prior O conditional
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