Refer to Exercise 22.9. Using subjective assessments the manager has assigned the following probabilities to the number
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Refer to Exercise 22.9. Using subjective assessments the manager has assigned the following probabilities to the number of snowfalls. Determine the optimal decision.
P(0) = .05 P(1) = .15 P(2) = .30 P(3) = .40
P(4) = .10
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