Page 1 of 1
1. (2 pts.) Under a decision alternative, three outcomes 01 to 03 are possible. Suppose that at 01, PW = P250; at 02, PW
Posted: Sun May 29, 2022 8:11 pm
by answerhappygod
- 1 2 Pts Under A Decision Alternative Three Outcomes 01 To 03 Are Possible Suppose That At 01 Pw P250 At 02 Pw 1 (37.13 KiB) Viewed 26 times
1. (2 pts.) Under a decision alternative, three outcomes 01 to 03 are possible. Suppose that at 01, PW = P250; at 02, PW = P300; and at 03, PW = 0. What is the expected value if the combined probability of O2 and 03 is twice that of 01, and that O2 has a probability that is 30% of that of O3's? (Write your final answer like P200 using "P" as the peso sign.)