Mathematics, 23.10.2019 20:50 kookharakura
You have traveled to london (a "rainy city") and forgotten your umbrella. you have an important interview the next day, for which the probability that it will rain is 40%. if you get caught in the rain you will do $75 of damage to your expensive suit. the cost of an umbrella is $25. draw the decision tree for this problem. what should you do? how sensitive is your decision to (a) a 10% change in probability of rain; (b) a 20% change in probability of rain.
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You have traveled to london (a "rainy city") and forgotten your umbrella. you have an important inte...
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