FinalReviewNQ (3)

19 39 using the decision table below a determine the

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39. Using the decision table below a. Determine the expected value for the best decision b. Determine the most you would pay for a highly reliable forecast. 0.2 0.7 0.1 S1 S2 S3 D1 500 300 -400 D2 600 200 200 D3 -100 -300 900 40. In a survey about soft drinks it was found that 5% of the respondents like diet soft drinks. 12% of them liked the brand Coke. Of all the Diet soda drinkers 40% liked Coke. a. What is the probability that a respondent like Coke and Diet drinks? b. What is the probability that the respondent like Diet or not Coke? c. Of the people who did not like diet drinks what is the probability that that liked Coke? 20
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19 39 Using the decision table below a Determine the...

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