# Statistics decision analysis : Calculation of P value

Document Sample

```					              Sub: Statistics                                                                 Topic: Decision Analysis

Question:
Find the alternative would be chosen according to expected value and
utility.
ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in
Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects.

For the payoff table below, the decision maker will use P (s1) = .15, P (s2) = .5, and P (s3) =
.35.

s1            s2            s3

d1            -5000         1000          10,000

d2            -15,000       -2000         40,000

a. What alternative would be chosen according to expec
```
DOCUMENT INFO
Shared By:
Categories:
Stats:
 views: 79 posted: 3/25/2010 language: English pages: 3
Description: according to expected value and utility. : For the payoff table below, the decision maker will use P (s1) = .15, P (s2) = .5, and P (s3) = .35.
BUY THIS DOCUMENT NOW PRICE: \$10 100% MONEY BACK GUARANTEED
PARTNER
Classof1 is a supplemental education company providing comprehensive online tutoring, homework guidance, and e-learning courseware development services to the school, college, and university student communities. As a part of its endeavor to help students around the world to excel in their studies, Classof1 has built a repository of self-study guides with step-by-step solutions and lucid explanations. These guides have been created and whetted by expert tutors with several years of experience in education. Apart from Docstoc.com, these self-help guides are also available at Classof1’s Solution Library (http://classof1.com/solution-library). Please visit www.classof1.com for further information.