Given the following table of payoffs use sensitivity analysis to determine at what probability or more you would select decision 3.
d1 8 10
d2 2 15
d3 10 3
a none of the choices are correct
The answer is e) 0.7778. We can do calculations as follows. Suppose that we know that P(S1)=p, and P(S2)=1-p. The the expected values ...
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