This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Study 1 case, study 2 cases, study 3 cases states of nature? Case 1 on exam, case 2 on exam, case 3 on exam Bubba's best choice? Bubba should study two cases because he has the best chance of receiving the high "B" he needs to get an "A" in the class. By studying only one case, he will not be able to receive an "A" in the class no matter what case is chosen on the exam. If he studies only one case, he has the potential to receive a 92, but he also have a 2/3 chance that the case he studies will not be on the exam. By studying two cases, he has a 2/3 chance he will receive an "A" in the class. Study two cases is picked because it has row dominance....
View Full Document
- Summer '10