Suppose your friend buys a book and the book is either from online shopping (i.e., w₁) or physical store shopping (i.e., w₂). His satisfaction with the two methods is 0.3 and 0.7, respectively. It's known that online shopping has a 20% probability of delivering the wrong goods, while physical stores only have a 5% probability of doing so. Now he receives a book and finds it is wrong. (a) Which method do you suspect the book is purchased by? (b) The loss function is defined as: A11=1, A12=5, A21-3, A22=1. Considering the minimum risk Bayesian decision, which method do you suspect the book in purohocod bu?

Suppose your friend buys a book and the book is either from online shopping (i.e., w₁) or physical store shopping (i.e., w₂). His satisfaction with the two methods is 0.3 and 0.7, respectively. It's known that online shopping has a 20% probability of delivering the wrong goods, while physical stores only have a 5% probability of doing so. Now he receives a book and finds it is wrong. (a) Which method do you suspect the book is purchased by? (b) The loss function is defined as: A11=1, A12=5, A21-3, A22=1. Considering the minimum risk Bayesian decision, which method do you suspect the book in purohocod bu?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Related questions

Q: Please answer questions 15 through 21 and show work for all of them! Thanks so much!

Q: How many miles (1 mile = 5280 feet) is the aircraft from the airport? Round the answer to the…

A: We will use concept of angle of depression.

Q: Describe a real-world scenario that uses a right triangle. Include a sketch of your scenario and…

A: In construction, right triangles are crucial for designing and building roofs. Scenario: Designing a…

Q: The Paris Ferris Wheel has a radius of 110 feet and is boarded from the bottom from a platform that…

A: Please see the answer below.

Q: Please see attached image for the question!

Q: What is the length of the rectangular plot of land shpwn?

A: A rectangular plot

Q: width of the Klamath river (x). 7m 8m 28m Klamath River 15m 8m

A: We can easily calculate width of the river by using simple trigonometry ratios: Let's take angle at…

Q: Using the work sheet on the next page and an oa = .01, test the claim that p> 0, there is a…

A: Given Information: Significance level α=0.01 Claim: ρ>0 To test the claim that population…

Q: Find w for the minute hand of a clook.

A: Angular velocity for the minute hand of a clock.

Q: Write the equation of each of the following. Use the form y= a√b(x-h) + k a. b.

Q: Simplify the following square roots if possible. Write your answers in simplest form. Show your…

A: The objective of this question is to simplify the given square roots, if possible, and write the…

Q: Consider the chart to the right. What is the greatest single expense category? To the nearest…

Q: 8. The local Parks and Recreation department bought a new slide for the local playground. The slide…

A: We will make the diagram to find the angle of depression.

Q: Solve for the rest of the missing side lengths and angles in the right triangle that represents this…

A: Given, the search boat is at O that makes an angle of 90° with the treasure located at B, and at A…

Q: 300 -16"-

Q: The area of the rectangular piece of cardboard shown below is 165 square inches. The cardboard is…

Q: thematical relationship based on your diagram

A: We will find the required.

Question

Please see the problem on the picture . give a detail explanation of the answer.

Suppose your friend buys a book and the book is either from online shopping
(i.e., w₁) or physical store shopping (i.e., w2). His satisfaction with the two
methods is 0.3 and 0.7, respectively. It's known that online shopping has a 20%
probability of delivering the wrong goods, while physical stores only have a 5%
probability of doing so. Now he receives a book and finds it is wrong.
(a) Which method do you suspect the book is purchased by?
(b) The loss function is defined as: A11=1, A12-5, A21-3, A22=1. Considering
the minimum risk Bayesian decision, which method do you suspect the book
is purchased by?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Define Bayesian Decision Theory

VIEW

Step 2: Apply Bayes' rule

VIEW

Step 3: Identify the mode of purchase

VIEW

Step 4: Find the minimum risk bayesian decision

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 5 steps with 18 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

A Ferris wheel is 20 meters in diameter and boarded from a platform that is 2 meters above the ground. The six o'clock position on the Ferris wheel is level with the loading platform. The wheel completes 1 full revolution in 4 minutes. How many minutes of the ride are spent higher than 21 meters above the ground? Give your answer correct to the nearest second. minutes and seconds
A furniture maker has a triangular piece of wood shaped like the one in the image. She wants to cut the largest possible circular table top from this piece of wood. How can she draw the largest possible circle on the wood? Explain or show the steps she needs to take.
Please show me how to answer in excel. Questions 3-6.
A triangle that has a 5-inch and a 6-inch side can be similar to a triangle that has a 4-inch and an 8-inch side. Find an example. Check that your example really is a triangle.
answer only the last 3 rows of the table. please include the solution step by step ty.
At the end circle the final answer and answer all parts of the question, I could not understand it.
What does the middle dot or point denote?
Explain each step needed to construct an inscribed circle inside a right triangle. Define what it means to inscribe as well as a step by step instruction of your construction.
An art museum owns a painting that it would like to reproduce in reduced size onto a 24-inch by-36-inch poster. The painting is 85 inches by 140 inches. Give your recommendation for the size of the reproduced painting on the poster- how wide and long do you suggest that it be? Draw a scale picture showing how you would position the reproduced painting on the poster. Explain your reasoning.