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Apatix Apatix
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7 years ago
The EMV of a decision with three states of nature is $33,000. If the profit/value under the states of nature A, B, and C is $10,000, $20,000, and $50,000, respectively, and states B and C have equal probabilities, determine the likelihood of state of nature A.
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Operations Management

Operations Management


Edition: 10th
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kadajikadaji
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7 years ago
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