Homework Sourse40 50 80 79 Given the following table of payoffs use sensiti
.40
.50
.80
.79
Given the following table of payoffs use sensitivity analysis to determine at what probability or less you would select decision A?
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Solution
Prob for A =20/48 = 0.4166
Hence I option 0.40 is the answer.
| Decision | Event1 | Event 2 | |
| A | 0 | 20 | 20 |
| B | 4 | 16 | 20 |
| C | 8 | 0 | 8 |
| 48 |
