What options are available to the decision maker if the probabilities of the states of nature are unknown?
1 answer:
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Answer:
1.
2.
3.
Step-by-step explanation:
Standard form of a line is .
If a line passing through two points then the equation of line is
where, m is slope, i.e.,.
1.
The line passes through the points (7,-3) and (4,-8). So, the equation of line is
Therefore, the required equation is .
2.
We need to find the equation of the line, in standard form, that has a y-intercept of 2 and is parallel to .
Slope of the line :
Slope of parallel lines are equal. So, the slope of required line is -2 and it passes through the point (0,2).
Equation of line is
Therefore, the required equation is .
3.
We need to find the equation of the line, in standard form, that has an x-intercept of 2 and is parallel to .
From part 2, the slope of this line is -2. So, slope of required line is -2 and it passes through the point (2,0).
Equation of line is
Therefore, the required equation is .