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    Use the graphical sensitivity analysis to determine the rang

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    Use the graphical sensitivity analysis to determine the range of values of the probability of state of nature s1 over which each of the decision alternatives has its largest expected value. Explain decisions you would make and in which range.

    State of Nature
    Decision
    s1
    s2
    d1
    8
    10
    d2
    4
    16
    d3
    10
    0
    16
    12
    8
    4
    16
    12
    8
    4
    p = 0 p = 1
    d2
    d1
    d3
    .6 .8333

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    Use the graphical sensitivity analysis to determine the range of values of the probability of state of nature s1 over which each of the decision alternatives has its largest expected value. Explain decisions you would make and in which range.

    State of Nature
    Decision
    s1
    s2
    d1
    8
    10
    d2
    4
    16
    d3
    10
    0
    16
    12
    8
    4
    16
    12
    8
    4
    p = 0 p = 1
    d2
    d1
    d3
    .6 .8333

    $2.19

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