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Given the following revenue payoff table (000s) and the probabilities listed, use the space below to: 1. Determine the EMV for each alternative 2.
Given the following revenue payoff table (000s) and the probabilities listed, use the space below to: 1. Determine the EMV for each alternative 2. Determine the probability ranges for sensitivity analysis, indicating when you would choose each (if relevant) alternative (you must include math and graph). 3. Determine how much the payoffs would have to decrease to cause you to switch to a different alternative. Prob: .70 Prob: .30 Alternative Good Great Small 50 100 Medium 110 20 Large 70 90
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Statistics Learning From Data
Authors: Roxy Peck
1st Edition
495553263, 978-1285966083, 1285966082, 978-0495553267
