Gas Company
A payoff table for an electric company is shown below: The following prior probabilities are assigned to the states of nature: P(s 1 )= 0.3,P(s 2 )= 0.7.
-{Gas Company Narrative} Convert the payoff table to an opportunity loss table.

Question

Gas Company
 A payoff table for an electric company is shown below:  The following prior probabilities are assigned to the states of nature: P(s 1 )= 0.3,P(s 2 )= 0.7. ​ ​
-{Gas Company Narrative} Convert the payoff table to an opportunity loss table.

Quizplus · Accepted Answer

The Answer of Gas Company
 A payoff table for an electric company is shown below:  The following prior probabilities are assigned to the states of nature: P(s 1 )= 0.3,P(s 2 )= 0.7. ​ ​
-{Gas Company Narrative} Convert the payoff table to an opportunity loss table.

Gas Company a Payoff Table for an Electric Company Is Shown