# 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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##### Solution Summary

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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