Question: Explain in your own words what an uncertain quantity or random variable is. Why is the idea of an uncertain quantity important in decision analysis?

Explain in your own words what an uncertain quantity or random variable is. Why is the idea of an uncertain quantity important in decision analysis?

Explain in your own words what an uncertain quantity or

Use the probability table to find the following:

Explain in your own words what an uncertain quantity or

0.12 0.29 0.41 0.53 0.06 0.59 0.65 0.35 1.00 P(A and B), P(A and B), P(A), P(B), PB), P(B A), PA B), PA B)

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