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You have decided to apply the equally likely (Laplace's) criterion to the following payoff table. What value of X will make you indifferent in choosing
You have decided to apply the equally likely (Laplace's) criterion to the following payoff table. What value of X will make you indifferent in choosing between decision alternatives d 1 and d 2 ? s 1 s 2 s 3 s 4 s 5 d 1 156 1 136 142 4 d 2 202 -17 -26 X -11 d 3 12 139 166 -40 83 d 4 29 125 -46 50 53 Select the value of X below: 257 281 299 269 251 291 254 260 331
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Numerical Methods for Engineers
Authors: Steven C. Chapra, Raymond P. Canale
7th edition
978-0073397924, 007339792X, 978-0077492168, 77492161, 978-9352602131
