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Sergeeva-Olga [200]
3 years ago
7

What options are available to the decision maker if the probabilities of the states of nature are unknown?

Mathematics
1 answer:
statuscvo [17]3 years ago
7 0

Answer:

The states of nature refer to future events, not under the control of the decision maker, which may occur. States of nature should be defined so that they are mutually exclusive and collectively exhaustive.

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3 years ago
Item 1 A discounted concert ticket costs $14.50 less than the original price p . You pay $53 for a discounted ticket. Write an e
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Answer:

$53 + $14.50 = x

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Step-by-step explanation:

Let us assume the original price be x

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So, the equation is

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Now the x is

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