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FAVORABLE=.70 REVIEW 2 FAVORABLE UNFAVORABLE NO REVIEW 31 5 Should you have the product reviewed? Large Small Large Small Large Small -6. Si $10 7$2$ 5 .451 $16 652 $2 8 S $16 52 $2 4 10 1652 9 S $10 $5 .851 -2 52 $16 O No, because the EV is lower for Review than Do Not Review Yes, because the EV is higher for Review than Do Not Review. Yes, because the EV for Do Not Review is equal to the EV for Review Yes, because the EV is higher for Do Not Review than Review $2 .85 $10 22 S₂ $5

FAVORABLE=.70 REVIEW 2 FAVORABLE UNFAVORABLE NO REVIEW 31 5 Should you have the product reviewed? Large Small Large Small Large Small -6. Si $10 7$2$ 5 .451 $16 652 $2 8 S $16 52 $2 4 10 1652 9 S $10 $5 .851 -2 52 $16 O No, because the EV is lower for Review than Do Not Review Yes, because the EV is higher for Review than Do Not Review. Yes, because the EV for Do Not Review is equal to the EV for Review Yes, because the EV is higher for Do Not Review than Review $2 .85 $10 22 S₂ $5

MATLAB: An Introduction with Applications
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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FAVORABLE=.70 REVIEW 2 FAVORABLE UNFAVORABLE NO REVIEW 31 5 Should you have the product reviewed? Large Small Large Small Large Small -6. Si $10 7$2$ 5 .451 $16 652 $2 8 S $16 52 $2 4 10 1652 9 S $10 $5 .851 -2 52 $16 O No, because the EV is lower for Review than Do Not Review Yes, because the EV is higher for Review than Do Not Review. Yes, because the EV for Do Not Review is equal to the EV for Review Yes, because the EV is higher for Do Not Review than Review $2 .85 $10 22 S₂ $5
Transcribed Image Text:FAVORABLE=.70 REVIEW 2 FAVORABLE UNFAVORABLE NO REVIEW 31 5 Should you have the product reviewed? Large Small Large Small Large Small -6. Si $10 7$2$ 5 .451 $16 652 $2 8 S $16 52 $2 4 10 1652 9 S $10 $5 .851 -2 52 $16 O No, because the EV is lower for Review than Do Not Review Yes, because the EV is higher for Review than Do Not Review. Yes, because the EV for Do Not Review is equal to the EV for Review Yes, because the EV is higher for Do Not Review than Review $2 .85 $10 22 S₂ $5
Expert Solution
Step 1

Given 

Favorable =0.7

Not favorable = 1- favorable = 0.3

First we will calculate EV review and EV not review. 

steps

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Solved in 3 steps with 1 images

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