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P(81) = 0.54 P(s1 | F) = 0.72 0 With Sample Information $ Without Sample Information. P(F) = 0.75 P(81 | U) = 0.16 d₂ $₁ | F $₂|F S₁ | F $₂|F $₁ | U S₂U S₁U S₂ U S₁ S₁ $3,800 -$500 $2 $4,500 -$1,200 $3,800 -$500 $4,500 -$1,200 S $500 $3,800 $4,500 -$1,200 a) What is the expected value of the optimal decision without sample information? $ Enter an integer or decimal number [more..] b) If sample information is favourable (F), what is the expected value of the optimal decision? c) If sample information is unfavourable (U), what is the expected value of the optimal decision?

P(81) = 0.54 P(s1 | F) = 0.72 0 With Sample Information $ Without Sample Information. P(F) = 0.75 P(81 | U) = 0.16 d₂ $₁ | F $₂|F S₁ | F $₂|F $₁ | U S₂U S₁U S₂ U S₁ S₁ $3,800 -$500 $2 $4,500 -$1,200 $3,800 -$500 $4,500 -$1,200 S $500 $3,800 $4,500 -$1,200 a) What is the expected value of the optimal decision without sample information? $ Enter an integer or decimal number [more..] b) If sample information is favourable (F), what is the expected value of the optimal decision? c) If sample information is unfavourable (U), what is the expected value of the optimal decision?

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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P(81) = 0.54 P($1 | F) = 0.72 With Sample Information $ Without Sample Information P(F) = 0.75 P($1 | U) = 0.16 d₂ S₁ F $₂|F S₁ | F $₂F S₁ | U $₂|U S₁ U S₂ | U $₁ S₂ $₁ 52 $3,800 -$500 $4,500 -$1,200 $3,800 -$500 $4,500 -$1,200 $3,800 -$500 $4,500 -$1,200 a) What is the expected value of the optimal decision without sample information? $ Enter an integer or decimal number [more..] b) If sample information is favourable (F), what is the expected value of the optimal decision? c) If sample information is unfavourable (U), what is the expected value of the optimal decision?
Transcribed Image Text:P(81) = 0.54 P($1 | F) = 0.72 With Sample Information $ Without Sample Information P(F) = 0.75 P($1 | U) = 0.16 d₂ S₁ F $₂|F S₁ | F $₂F S₁ | U $₂|U S₁ U S₂ | U $₁ S₂ $₁ 52 $3,800 -$500 $4,500 -$1,200 $3,800 -$500 $4,500 -$1,200 $3,800 -$500 $4,500 -$1,200 a) What is the expected value of the optimal decision without sample information? $ Enter an integer or decimal number [more..] b) If sample information is favourable (F), what is the expected value of the optimal decision? c) If sample information is unfavourable (U), what is the expected value of the optimal decision?
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