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Author Question: In order to calculate expected value, it is necessary to know a. the probability of events. c. ... (Read 53 times)

arivle123

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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.



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emsimon14

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Answer to Question 1

A

Answer to Question 2

B




arivle123

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Reply 2 on: Jun 20, 2018
Excellent


jomama

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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