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D Question 16 3.13 pts Given the following table of proft payoffs using sensitivity analysis at...
Given the following table of profit payoffs, using sensitivity analysis at what probability would youb indifferent between decision A & B? States of Nature s2 Decision s1 20 0 16 4 0 0.40 0.80 0.50 Given the following table of profit payoffs, using sensitivity analysis at what probability would youb indifferent between decision A & B? States of Nature s2 Decision s1 20 0 16 4 0 0.40 0.80 0.50
3.13 pts D Question 15 A payoff table is given below and the probabilities of s1, s2, and s3 are 0.3, 0.4, and O.3, respectively, what is the expected opportunity loss of the best decision? s3 s2 s1 750 d1 250 500 d2 300 -250 1200 500 600 d3 500 530 625 280 385 810 Next Previous 4
Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1 10 S2 P(S2) 250 No Research 1 PS1300 D2 S2 P(S2) 200 O 160 O 260 O 180 O 320 O 240 Question 18 3.13 pts Below is a portion of a decision tree. If the probability of s1 - 0.40, what is the value at node 5. S1 P(S1)100 D1...
Question 5 5 pts Use the table below to determine the expected value of perfect information. The probabilities for the states of nature are s1-0.20, s2-0.30 and s3-0.50 State of Nature s2 10,000 -5,000 15,000 15,000 9,000 10,000 20,0005,000 10,000 11,0004,000 15,000 s1 S3 Decision d1 d2 d3 d4 10700 d4 11,000 -4,00015 O 10,700 O 5,400 O 3,800 3,500 O 14,200 Question 5 5 pts Use the table below to determine the expected value of perfect information. The probabilities...
The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives: State of Nature Decision Alternative s1 10 4 S2 d1 d2 (a) Suppose P(S1)-0.2 ad P(s2)-0.8. What is the best decision using the expected value approach? Round your answer in one decimal place The best decision is decision alternative d2 , with an expected value of 3.2 (b) Perform sensitivity analysis on the payoffs for decision alternative d1. Assume the...
The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives: State of Nature Decision Alternative s1 s2 d1 10 1 d2 4 3 (a) Suppose P(s1)=0.2 and P(s2)=0.8. What is the best decision using the expected value approach? Round your answer in one decimal place. The best decision is decision alternative - Select your answer -d1d2Item 1 , with an expected value of . (b) Perform sensitivity analysis on the...
The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives State of Nature Decision Alternative 1 2 d1 10 1 d2 (a) Suppose P(s1)-0.2 and P(sz)-0.8. What is the best decision using the expected value approach? Round your answer in one decimal place v, with an expected value of The best decision is decision alternative d2 3.2 (b) Perform sensitivity analysis on the payoffs for decision alternative di. Assume the...
The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives: State of Nature Decision Alternative s1 S2 101 4 (a) Suppose P(si)-0.2 and P(s2)-0.8. What is the best decision using the expected value approach? Round your answer in one decimal place. The best decision is decision alternative d2 v , with an expected value of 3.2 (b) Perform sensitivity analysis on the payoffs for decision alternative di. Assume the probabilities...
2. Assume you are faced with the following decision alternatives and two states of nature. The profit payoff table is shown below States of Nature Prob (S D1 D2 D3 S1 0.60 100 50 40 S2 0.40 20 50 80 Decision Alternatives a) Do you think undertaking a market research study, with a cost of 25, would be justified in this case? b) What should the probabilities of states 1 and 2 be that options D1 and D3 will have...
The following profit payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature. Suppose that the decision maker obtained the probability assessments P(S1) = 0.65, P(S2) = 0.20, and P(S3) = 0.15. State of Nature Decision Alternative S1 S2 S3 d1 150 175 50 d2 175 75 100 Use the expected value approach to determine the optimal decision. The optimal decision is?