Homework SourseFind the best alternative given the cost outcomes below The
Find the best alternative given the cost outcomes below. The probability of rain is 0.3, clouds is 0.2, and sun is 0.5
| Alternatives | state | ||
|---|---|---|---|
| rain | cloudy | sunny | |
| a | 6 | 3 | 4 |
| b | 2 | 4 | 5 |
| c | 5 | 4 | 3 |
| d | 5 | 4 | 3 |
Solution
Hence cloudy is the best alternative for reducing cost
| Alternatives | state | ||
| rain | cloudy | sunny | |
| a | 6 | 3 | 4 |
| b | 2 | 4 | 5 |
| c | 5 | 4 | 3 |
| d | 5 | 4 | 3 |
| Total cost | 18 | 15 | 15 |
| Prob | 0.3 | 0.2 | 0.5 |
| cost*prob | 5.4 | 3 | 7.5 |
| Leastone | Cloudy |
