Apayoff table is given as
choices
x
y
z
...
Business, 05.12.2019 23:31 supasavb99
Apayoff table is given as
choices
x
y
z
states of nature
probability
a
.2
250
300
600
b
.5
750
-250
500
c
.3
500
1200
500
". a. recommend a decision for each of the following: optimistic, conservative and minimax regret. b. what is the expected payoff under uncertainty for each choice? what is the best choice? c. what is the expected payoff under certainty (making the best choice for each state of nature)? d. what is the expected opportunity loss for selecting choice z? e. what is the expe cted value of perfect information? "
Answers: 2
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