{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

HO6-PS2 - MS&E 352 Handout#6 Decision Analysis II January...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
MS&E 352 Handout #6 Decision Analysis II January 29 th , 2009 ________________________________________________________________________ ________________________________________________________________________ 01/29/09 1 of 3 Problem Set #2 Problem Set #2 Due Thursday February 5 th Part I – Advanced Information Gathering Problem 1 – Alpha / Beta Detectors [35 points] Kim faces the Party Problem in Professor Howard's manuscript. Two salesmen approach her, one selling an Alpha Rain Detector, the other selling a Beta Rain Detector. After conferring with one another, they offer Kim the following opportunities. Kim can buy the Alpha Detector (at any time) for $10. Kim can buy the Beta Detector (at any time) for $13. Kim can buy both detectors (at the same time) for $16. Kim believes that the Alpha Detector is symmetric, and it has an accuracy of 0.8. In other words, {"S" | S, &} = {"R" | R, &} = 0.8 where "S" is the event that the test indicates sunny, S is the event that the weather is actually sunny (similarly for rain). Kim also believes that the Beta Detector is symmetric, with accuracy of 0.9, and that the two detector indications are irrelevant given the weather and her background state of information. She will buy a maximum of one indication from each detector (in other words, she will not buy two alpha detectors).
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern