ajewon ajewon
  • 17-06-2021
  • Mathematics
contestada

What options are available to the decision maker if the probabilities of the states of nature are unknown?

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catubiglyka6
catubiglyka6 catubiglyka6
  • 17-06-2021

Answer:

The states of nature refer to future events, not under the control of the decision maker, which may occur. States of nature should be defined so that they are mutually exclusive and collectively exhaustive.

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