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Author Question: What would be the F test statistic in this case? a. 396.46 b. 400 c. 350.32 d. ... (Read 50 times)

lracut11

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on: Jun 24, 2018
What would be the F test statistic in this case?
 a. 396.46
  b. 400
  c. 350.32
  d. 298.55

Question 2

In what way are the minimax regret criterion and the expected opportunity loss (EOL) criterion similar? In what ways do they differ?


Christopher

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

Both the minimax regret criterion and the expected opportunity loss (EOL) criterion call for the construction of a regret matrix. That is, they force the decision maker to consider the possible lost opportunities in choosing one alternative over another. The two criteria differ in that the minimax regret does not take into account the probabilities of the various states of nature, and the EOL criterion does.


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