Linear Prog COP4355_Part_42

Linear Prog COP4355_Part_42 - 172 Chapter 15 Decision...

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Unformatted text preview: 172 Chapter 15 Decision Analysis 15.1 (continued) (f) Construct the regret matrix Optimal issue is decrease federal taxes . (g) LaPlace weights each outcome equally. Expected vote tallies are (1.2 + .7 +.7)/3 =.867, (.5 + 1.5 +.8)/3 =.933 MAX E.V. (.6 +.7 +1.1)/3 = .800, (.8 + .6 + .9)/3 = .767 Optimum strategy is decrease federal taxes; expected vote total, 933,333 votes. 15.2 0 . 8 . 4 . 8 .7 0 .3 .7 .6 .8 0 .8 .4 .9 .2 .9 MIN MAX REGRET C u t F e d e r a l S p e n d i n g D e c r e a s e F e d T a x A n t i A b o r t i o n N o c e n t r a l i s s u e Anti govt. Anti tax Personal Freedom Anti govt. Anti govt. Anti govt. Anti tax Anti tax Anti tax Freedom Freedom Freedom Personal Personal Personal Vote Count 1.2 M .7 M .7 M .5 M 1.5 M .8 M .6 M .7 M 1.1 M .8 M .6 M .9 M Solutions Manual and Workbook 173 15.3 (a) national distribution, $5 million. (b) regional distribution, $.7 million....
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Linear Prog COP4355_Part_42 - 172 Chapter 15 Decision...

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