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QueenPinky QueenPinky
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5 years ago
If a student attends every management science class, the probability of passing the course is 0.80; but if the student only attends randomly, then the probability of passing the course is 0.50. If a student fails, he or she can take a makeup exam where the probability of passing is 0.60 if the student has attended every class. This probability of passing the makeup exam drops to 0.10 if the student has attended at random.

Passing the course is worth 5 credits. Full time attendance "costs" 3 credits in terms of energy and time, whereas random attendance "costs" only 1 credit.

Use a decision tree to decide which is the best attendance pattern to adopt. Assume that all failing students take the makeup exam and that the payoff for failing is equal to 0.
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
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Paigegalvan96Paigegalvan96
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#2
4 years ago
thank you
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#3
3 years ago
Thx
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