Create a decision table that accurately labels the acts, states, and outcomes.
Answers
Answered by
0
“A friend offers you a bet based on the rolling of a pair (2) of dice. His bet is as follows: If thesum of the dice is even, you owe him $3; but, if the sum of the dice is odd, he owes you $10. However, if you roll snake eyes (“one” and “one”) you owe him $20. Imagine that you have $10 to start. You can either take the bet and risk winning or losing money, OR you can walk away and keep the money in your pocket.”
21. Create a decision table that accurately labels the acts, states, and outcomes. (20 points each)
Hint 1: 2 is the lowest sum one can roll. So, your possible outcomes are 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
Hint 2: Place probabilities in the same cell as the outcome. Label probability as a fraction.
State 1:
State 2:
State 3:
Act 1:
Act 2:
21. Create a decision table that accurately labels the acts, states, and outcomes. (20 points each)
Hint 1: 2 is the lowest sum one can roll. So, your possible outcomes are 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
Hint 2: Place probabilities in the same cell as the outcome. Label probability as a fraction.
State 1:
State 2:
State 3:
Act 1:
Act 2:
Similar questions