This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order to calculate expected value, it is necessary to know a. the probability of events. c. ... (Read 17 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 20, 2018
In order to calculate expected value, it is necessary to know
 
  a. the probability of events. c. the utility of events.
  b. the subjective probability of events. d. None of these

Question 2

A normative procedure for combining probabilities and values is called
 
  a. expected utility. c. Bayes' theorem.
  b. expected value. d. subjective expected utility.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emsimon14

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 20, 2018
Answer to Question 1

A

Answer to Question 2

B


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 20, 2018
Thanks for the timely response, appreciate it

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Does emotion enhance memory for events? Does emotion enhance memory for events?
For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ... For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ...
How to calculate present value (Question 3) How to calculate present value (Question 3)
How to calculate monthly mortgage payments at varying amortization periods (Question 1) How to calculate monthly mortgage payments at varying amortization periods (Question 1)
Calculate the net field at the location of q 3 Calculate the net field at the location of q 3
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
Video: What is an ecosystem?

For a complete list of videos, visit our video library