Use the table below to determine which decision should be made based on an optimistic decision maker. O d1 O d3 d2 Od2 or d4 Od1 or d4 Decision d1 d2 d3 d4 State of Nature s2 s1 10,000 15,000 20,000 11,000 -5,000 9,000 -5,000 -4,000 s3 15,000 10,000 10,000 15,000

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 33E: Find the probability of each event. Drawing 5 orange cubes from a bowl containing 5 orange cubes and...
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Use the table below to determine which decision should be made based on an optimistic
decision maker.
O d1
O
d3
d2
Od2 or d4
Od1 or d4
Decision
d1
d2
d3
d4
State of Nature
s2
s1
10,000
15,000
20,000
11,000
-5,000
9,000
-5,000
-4,000
s3
15,000
10,000
10,000
15,000
Transcribed Image Text:Use the table below to determine which decision should be made based on an optimistic decision maker. O d1 O d3 d2 Od2 or d4 Od1 or d4 Decision d1 d2 d3 d4 State of Nature s2 s1 10,000 15,000 20,000 11,000 -5,000 9,000 -5,000 -4,000 s3 15,000 10,000 10,000 15,000
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