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Buaineaa Manag.m.nt 331 Eran
H".netrastretsg,
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You have 90 minutes
to complete this exam. A countdown
limer will be prcjecled
on the screen during the quiz. No "time
checks' will be verbalty given
by the instructor during the quiz.
When the 90 minutes are complete,
aliwriting will cease.
Pl€s€ rcad eactr questio.l
c€refully and directly an$Nsr
lhe question that is ask6d.
You may usea c€lculator for the exam, However,
no instruction
on lhe useof th€ c€lculalor
or its func-tions will b€ given
during th€ exam. In addition, no shadng of calculators
is permitted.
f,]E USE OF CELL PHONES AND PDA'S AREPROHIBITEDI
Place the answer to the queslion
asked in lhe boxprovided.
Poinls will be deducied
for answers nol placed in the box.
Do notwrite equalions
or anything other than the answer
in the box.
Only one sludenl is allowed
al 6 tim€ lo use lhe resfoon. You will st/nender
yolr exam
to thg insbuctor
pdor
to going to
the rgsfoom and
it will bs given
back upon your r6tum.
No comnunication
ofanykind is allovJed
b€iween students
durino the cou6e oflhe exam. This
includes allforms
of
verbal communic€tion,
Mitlen communicalion, aftUor electronic
communicalion.
I haw .gad the 6xam Inslructions above and understand
lhal any violallon of the examrul". wlll result in a
suspec{od case ot academic misconduct,
Slgn.turc:
Delol
Do nol wril6 b€lou/ this lin€
Total points on exam
195
Total ooints missed
Percent
conect
Curved
score

1.
I2O
polnt. -
1 'c,ln.s lor e.ch ,rs!yet,
Givon the
following payoff
table:
What would be the decjEion
{not,rre vrruet) based
oni
a. Maximax critoria?
4z
A+
+5
b. lraximin crite.ia?
+L
c. Minimax regreP
1+L
d. EMV when the states have equal
probabiliiies
of occuring?
+L
e Hurowicz wih p = 0.30?
4L
Note: There may be mullide answers. All answers
must be listod credit.
O.clBlon
St toI State 2
State 3 Stat 4
#1 *9
0
0
#2 7
I
4
#3
3 -l
*4
6 6
#5
-9
0
7
#6
-3
8
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Worksheets (not gr6dodl)
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#3
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