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Napoleon is contemplating 4 different institutions for a Master's degree. The projected profit from a career following the degree in certain scenarios is as follows:
Napoleon is contemplating 4 different institutions for a Master's degree. The projected profit from a career following the degree in certain scenarios is as follows: Viva la France Stagnation Abandoned at Waterloo Vanderbilt 80 35 -30 Texas Tech -20 30 75 Seattle 50 15 70 Northeastern 25 50 40QUESTION 6 Using the same information, what is the correct decision according to the expected value criterion, assuming that Viva la France has a probability of 0.1, stagnation has a probaility of 0.3, and being abandoned at Waterloo has a probability of 0.6? O Vanderbilt O Texas Tech Seattle O Northeastern QUESTION 7 Using the same information, what is the correct decision according to the expected opportunity loss criterion, assuming that Viva la France has a probability of 0.1, stagnation has a probaility of 0.3, and being abandoned at Waterloo has a probability of 0.6? O Vanderbilt Texas Tech Seattle Northeastern QUESTION 8 Using the same payoff table and probabilities, find the expected value of perfect information
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