#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 "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....
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