The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:

If he uses Bayes' decision rule, which kind of dwellings will he decide to build?
A) Single family
B) Apartments
C) Condos
D) Either single family or apartments
E) Either apartments or condos

Question

The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:

If he uses Bayes' decision rule, which kind of dwellings will he decide to build?

If he uses Bayes' decision rule, which kind of dwellings will he decide to build?
A) Single family 
B) Apartments 
C) Condos 
D) Either single family or apartments 
E) Either apartments or condos

Quizplus · Accepted Answer

The Answer of The construction manager for ABC Construction must decide whether to build single family homes, apartments, or condominiums. He estimates annual profits (in $000) will vary with the population trend as follows:

If he uses Bayes' decision rule, which kind of dwellings will he decide to build?
A) Single family 
B) Apartments 
C) Condos 
D) Either single family or apartments 
E) Either apartments or condos

The Construction Manager for ABC Construction Must Decide Whether to Build