Project 3 - 1a Dry Wet Soaking Priors 0.50 0.30 0.20 Payoff Table Cost of testing $ 8,000.00 Dry Wet Soaking EMV Given NS Dry Wet Soaking EMV EVPI

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Payoff Table Cost of testing Dry 0.50 8,000.00 $ Given NS Drill NoDrill Wet 0.30 Dry -70000.00 0.00 Soaking 0.20 Wet 50000.00 0.00 Soaking 200000.00 0.00 Drill Don't Drill V* EMV (46000.00) 0.00 Dry (70000.00) 0.00 0.00 Wet 50000.00 0.00 50000.00 Given OS Drill NoDrill Soaking 200000.00 0.00 200000.00 Dry -70000.00 0.00 EMV 20000.00 55000.00 Wet 50000.00 0.00 EVPI 35000.00 Soaking 200000.00 0.00 EMV 44000.00 0.00 STATE NS OS CS Given CS Drill NoDrill Dry (E1) 0.5 0.77 0.13 0.10 Dry -70000.00 0.00 Wet (E2) 0.3 0.15 0.65 0.20 Wet 50000.00 0.00 Soaking (E3) 0.2 0.10 0.20 0.70 Soaking 200000.00 0.00 EMV 110000.00 0.00 Joint Probability Table STATE NS OS CS Dry (E1) 0.5 0.3850 0.0650 0.0500 0.50 Wet (E2) 0.3 0.0450 0.1950 0.0600 0.30 EV|SI 40,700.00 $ Soaking (E3) 0.2 0.0200 0.0400 0.1400 0.20 EVSI 20,700.00 $ 0.45 0.30 0.25 ENGSI 12,700.00 $ EMV* 32,700.00 $ Posterior Probability Table STATE NS OS CS Decision Rule Dry (E1) 0.5 0.8556 0.2167 0.2000 Buy Test Wet (E2) 0.3 0.1000 0.6500 0.2400
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This note was uploaded on 09/08/2010 for the course BUS 190 at San Jose State University .

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Project 3 - 1a Dry Wet Soaking Priors 0.50 0.30 0.20 Payoff Table Cost of testing $ 8,000.00 Dry Wet Soaking EMV Given NS Dry Wet Soaking EMV EVPI

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