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SOLVED: Complete the following statements using discrete, continuous, random, interval. 2 marks) variable nas range of values where each value has an equal likelihood of being selected variable can only have certain
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SOLVED: Example Given the following Payoff tables: where the table represents profits: Alternatives State of nature Az A3 D) State which can be chosen as the best act using: (Decision making underuncertainty) (
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Chapter 14 Decision Analysis. Decision Making Many decision making occur under condition of uncertainty Decision situations –Probability cannot be assigned. - ppt download
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SOLVED: a) Construct the discrete probability distribution which corresponds to the experiment of the single roll of a pair of dice. Assume equal likelihood of oncurrence of each side of a die
