Ron Larson
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8.3 Expected Value

8.3 Expected Value
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  • 7. Consumer Electronics Company

    A consumer electronics company is considering developing one of two products. Use a decision tree to decide which model the company should develop. (See Example 3 and Example 4.)

    • Worked-Out Solution

      Based on this decision tree, the company has a better expected value by developing laptop B.

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     _    _      ___     __   _      ___      ____    
| || | ||   / _ \\  | || | ||   / _ \\   |  _ \\  
| || | ||  / //\ \\ | '--' ||  | / \ ||  | |_| || 
| \\_/ || |  ___  ||| .--. ||  | \_/ ||  | .  //  
 \____//  |_||  |_|||_|| |_||   \___//   |_|\_\\  
  `---`   `-`   `-` `-`  `-`    `---`    `-` --`
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  • 8. Consumer Electronics Company

    A consumer electronics company is considering developing one of two products. Use a decision tree to decide which model the company should develop. (See Example 3 and Example 4.)

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

                _____                ___       _____  
  ____     |  ___||     ___     / _ \\    / ___// 
 |    \\   | ||__      /   ||  / //\ \\   \___ \\ 
 | [] ||   | ||__     | [] || |  ___  ||  /    // 
 |  __//   |_____||    \__ || |_||  |_|| /____//  
 |_|`-`    `-----`      -|_|| `-`   `-` `-----`   
 `-`                     `-`
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  • 9. Consumer Electronics Company

    A consumer electronics company is considering developing one of two products. Use a decision tree to decide which model the company should develop. (See Example 3 and Example 4.)

    • Worked-Out Solution

      Based on this decision tree, the company has a slightly better expected value by developing e-reader A.

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

    __    __    ______    _____     _____     _  __  
\ \\ / //  /_   _//  /  ___||  |  ___||  | |/ // 
 \ \/ //    -| ||-  | // __    | ||__    | ' //  
  \  //     _| ||_  | \\_\ ||  | ||__    | . \\  
   \//     /_____//  \____//   |_____||  |_|\_\\ 
    `      `-----`    `---`    `-----`   `-` --`
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  • 10. Consumer Electronics Company

    A consumer electronics company is considering developing one of two products. Use a decision tree to decide which model the company should develop. (See Example 3 and Example 4.)

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

      ______   __   __   __   __   _    _     _____   
 /_____//  \ \\/ //  \ \\/ // | || | ||  |__  //  
 `____ `    \ ` //    \   //  | || | ||    / //   
 /___//      | ||     / . \\  | \\_/ ||   / //__  
 `__ `       |_||    /_//\_\\  \____//   /_____|| 
 /_//        `-`'    `-`  --`   `---`    `-----`  
 `-`
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