Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 22 Sep 2017 My Price 7.00

maximax decision rule

A car dealer is offering the following three two-year leasing options:

 

Assume a customer expects to drive between 15,000 and 35,000 miles during the next two years according to the following probability distribution:

a. Construct a payoff matrix for this problem.

b. What decision should be made according to the maximax decision rule? (Keep in mind that the “payoffs” here are costs, where less is better.)

c. What decision should be made according to the maximin decision rule?

d. What decision should be made according to the minimax regret decision rule?

e. What decision should be made according to the EMV decision rule?

f. What decision should be made according to the EOL decision rule?

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Sep 2017 10:09 AM My Price 7.00

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