If P(high) = .3, P(low) = .7, P(favorable | high) = .9, and P(unfavorable | low) = .6, then P(favorable) =
A) .10
B) .27
C) .30
D) .55
Correct Answer:
Verified
Q22: The efficiency of sample information is
A)EVSI*(100%).
B)EVSI/EVPI*(100%).
C)EVwoSI/EVwoPI*(100%).
D)EVwSI/EVwoSI*(100%).
Q42: The approach to determining the optimal decision
Q43: For a minimization problem,the optimistic approach is
Q45: Decision tree probabilities refer to
A) the probability
Q46: To find the EVSI,
A) use the EVPI
Q46: The purchase of insurance and lottery tickets
Q48: A decision tree provides
A) a heuristic method
Q50: When consequences are measured on a scale
Q51: Which of the following is not an
Q53: For a minimization problem,the conservative approach is
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