Could anyone help me with this?
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Mathematics, 15.12.2020 06:50 naomirice24
Could anyone help me with this?
Answers: 3
Mathematics, 21.06.2019 17:30, chloerodgers56
In a probability experiment, karen flipped a coin 76 times. the coin landed on heads 32 times. what percentage of the coin flips resulted in tails? round to the nearest percent. a. 58% b. 65% c. 42% d. 60%
Answers: 2
Mathematics, 21.06.2019 23:40, supermimi8078
The bolo cavern outside of vandalia is 421 ft below sea level. a little more than75 miles away. mt owens is 7295 feet above sea level. what is the difference in elevation between the bolo cavern and mt owens?
Answers: 1
Mathematics, 22.06.2019 06:40, animationfusion
Mobon oil company owns a lease that entitles it to explore for oil on a parcel of offshore land in california. since the lease is about to expire mobon must now decide whether to drill for oil at the site or to sell the lease to excel oil company, which has just offered mobon $50,000. mobon estimates it would cost $100,000 to drill at the site. if the well were dry, all this cost would be lost. if the well were successful, its value to mobon would depend on the extent of the oil discovered. for simplicity, mobon assumes there are only two types of successful wells: minor and major success. mobon estimates that a minor success would result in revenues of $200,000 in excess of the drilling cost, whereas a major success would result in revenue of $500,000 in excess of the drilling cost. mobon has assessed the following probabilities: if the well is dry then the probability is 0.7, if it is a minor success the probability is 0.2, and if it is a major success the probability is 0.1. a) construct an appropriate payoff matrix, b) using the maximax criterion, identify the optimal decision c) using the maximin criterion, identify the optimal decision d) using the minimax criterion, identify the optimal decision e) using the emv criterion, identify the optimal decision
Answers: 1
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