answer the following 2 questions about the bayes decision rule 1
QUESTION 7
Refer to the following payoff table.
Need assignment help for this question?
If you need assistance with writing your essay, we are ready to help you!
OUR PROCESS
Order
Payment
Writing
Delivery
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality
|
Alternative |
High |
Medium |
Low |
|
A |
8 |
10 |
5 |
|
B |
15 |
10 |
12 |
|
C |
17 |
11 |
13 |
|
D |
10 |
12 |
11 |
|
E |
30 |
20 |
-18 |
|
Prior Probability |
0.3 |
0.2 |
0.5 |
The Bayes’ decision rule strategy is:
|
A. A |
||
|
B. B |
||
|
C. C |
||
|
D. E |
QUESTION 10
Please refer to the following payoff table.
|
Alternative |
Yes |
No |
|
Small Medium Medium Large Large Extra Large |
10 20 30 40 60 |
30 40 45 35 20 |
|
Prior Probability |
0.3 |
0.7 |
The Bayes’ decision rule strategy is:
|
A. small |
||
|
B. medium large |
||
|
C. large |
||
|
D. extra large |
