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    Probability: Decision Theory Questions

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    I am stuck on the problems that are attached. They are probability and decision theory based questions.

    Thank you.

    © BrainMass Inc. brainmass.com December 24, 2021, 5:05 pm ad1c9bdddf


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    Small Medium Large

    Low high Low high Low high
    .2x42 .8x48 .2x.22 .8x50 .2x -20 .8x72
    8.4 38.4 4.4 40 -4 57.6
    46.8 44.4 53.6

    1. The maxim in alternative is to build a large facility.
    2. The ...

    Solution Summary

    The decision theory probability is examined.