Mathematics, 16.10.2020 14:01 putaprincess16
The machine shop owner is considering hiring a military consultant to ascertain whether the shop will get the government contract. The consultant is a former military officer who uses various personal contacts to find out such information. By talking to other shop owners who have hired the consultant, the owner has estimated a 0.75 probability (P(F) = 0.75 ) that the consultant would present a favorable report, given that the contract is awarded to the shop, and a .80 probability (P(Un) = 0.80) that the consultant would present an unfavorable report, given that the contract is not awarded.
Required:
Using decision tree analysis, determine the decision strategy the owner should follow, the expected value of this strategy, and
Answers: 1
Mathematics, 21.06.2019 19:00, gharrell03
Satchi found a used bookstore that sells pre-owned dvds and cds. dvds cost $9 each, and cds cost $7 each. satchi can spend no more than $45.
Answers: 1
Mathematics, 21.06.2019 19:20, laidbackkiddo412
Find the area of an equilateral triangle with a side of 6 inches
Answers: 2
The machine shop owner is considering hiring a military consultant to ascertain whether the shop wil...
Mathematics, 05.03.2021 18:50