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Potential Outcomes Probability Corn Drought Drier Average Optimal Wetter Flooding 0.19 $182.00 0.29 $678.00 0.32 $713.00 0.11 $874.00 0.06 $591.00 0.03 $356.00 Using the decision
Potential Outcomes Probability Corn Drought Drier Average Optimal Wetter Flooding 0.19 $182.00 0.29 $678.00 0.32 $713.00 0.11 $874.00 0.06 $591.00 0.03 $356.00 Using the decision matrix data given to you, compute the Soybeans indicated statistics in the green cells C9:D14 NOTE: the blue cells are given data, and the green cells are $146.00 unknown (you have to fill them in). $543.00 $571.00 $699.00 $473.00 $111.00 MARTARRA WATAVARRA ??? ??? ??? |??? Expected Value Standard Deviation Coefficient of Variation Minimum Value Maximum Value Range
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