Question
In the previous question, historical data indicates that there is 30% chance that the lot is poor quality (Scenario1), 50% chance that the lot is
In the previous question, historical data indicates that there is 30% chance that the lot is poor quality (Scenario1), 50% chance that the lot is fair quality (Scenario2), and 20% chance that the lot is good quality (Scenario3). What is the maximum amount that you would be willing to pay for perfect information?
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A First Course In Fuzzy Logic
Authors: Hung T Nguyen, Carol L Walker, Elbert A Walker
4th Edition
0429012608, 9780429012600
