FAU QBM 360 – Quiz 3
Review Test Submission: Quiz3 Content Course QMBLC Summer14 Test Quiz3 • Question 1 A payoff table is given below and the probabilities of s1, s2, and s3 are .2, .5, and .3, respectively, then what is the most you pay for a highly reliable forecast? s1 s2 s3 d1 250 750 500 d2 300 -250 1200 d3 500 500 600 • Question 2 Expected value is the sum of the […]
