
study guide for final exam
... from this chapter are those of independence, conditional probabilities, and Baye’s Rule. Also the use Tree Diagrams to map out probabilities associated with two stage experiments should be reviewed. Be sure you are able to do the following: Construct and use a tree diagram to find probabilities of ...
... from this chapter are those of independence, conditional probabilities, and Baye’s Rule. Also the use Tree Diagrams to map out probabilities associated with two stage experiments should be reviewed. Be sure you are able to do the following: Construct and use a tree diagram to find probabilities of ...
10.3
... decision making) that is addressed in this section… (1) Optimist (or maximax) is the one where they are sure that the best will always happen, so for the Optimist you choose the one with the largest value of any that are there. (2) Pessimist (maximin) is the one who where they know the worst will ha ...
... decision making) that is addressed in this section… (1) Optimist (or maximax) is the one where they are sure that the best will always happen, so for the Optimist you choose the one with the largest value of any that are there. (2) Pessimist (maximin) is the one who where they know the worst will ha ...