{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

FinalReviewS13

18 39 using the decision table below a determine the

Info iconThis preview shows pages 18–19. Sign up to view the full content.

View Full Document Right Arrow Icon
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    18
Background image of page 18

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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? 19
Background image of page 19
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page18 / 19

18 39 Using the decision table below a Determine the...

This preview shows document pages 18 - 19. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online