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chem1111 chem1111
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6 years ago
If the probabilities of cold weather (S1), warm weather (S2), and rainy weather (S3) are 0.2, 0.4, and 0.4, respectively, then what decision should be made using the expected value criterion?
 
  What will be an ideal response?
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wrote...
6 years ago
Answer:
Ev(a1) = 7.6
Ev(a2) = 9.6 (best)
Ev(a3) = 8.2
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