#1 Decision Analysis, Exam 1, DA 1.xls

# #1 Decision Analysis, Exam 1, DA 1.xls - Study 1 case,...

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Title: BUSI 508 Exam #1 Author: Taryn Lopez Problem #1 Decision Analysis 1 POSSIBLE PTS ON EXAM 100 Test Options Case 1 Case 2 Case 3 Study Options study 3 cases 100 100 100 study 2 cases 100 100 100 study 1 case 100 100 100 POINTS MISSED ON QUESTIONS NOT RELATED TO CASE STUDY 8 Test Options Case 1 Case 2 Case 3 Study Options study 3 cases 8 8 8 study 2 cases 8 8 8 study 1 case 8 8 8 POINTS MISSED ON CASE STUDY QUESTIONS Test Options Case 1 Case 2 Case 3 Study Options study 3 cases 13 13 13 study 2 cases 5 5 25 study 1 case 0 25 25 Payoff Value (Test Grade) = POSSIBLE PTS ON EXAM - POINTS MISSED ON QUESTIONS NOT RELATED TO CASE STUDY - POINTS MISSED ON CASE STUDY QUESTIONS Test Options Case 1 Case 2 Case 3 Study Options study 3 cases 79 79 79 study 2 cases 87 87 67 study 1 case 92 67 67 Bubba's alternatives?
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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 &quot;B&quot; he needs to get an &quot;A&quot; in the class. By studying only one case, he will not be able to receive an &quot;A&quot; 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 &quot;A&quot; in the class. Study two cases is picked because it has row dominance....
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