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Dr. T. T. Kachwala
of
the
decision process.
Slide 3
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Slide 6
ci s
De
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Terminal Branch
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n
a
r
nB
Terminal Branch
Terminal Branch
Slide 8
Slide 9
max
payoff
EMV
EMV
max
payoff
EMV
EMV
max
payoff
Prior
Probability
Conditional
Probability
Joint
Probability
Posterior
Probability
(1)
(2)
(3)
A1
P (A1)
P (B/A1)
P (A1B)
P (A1/B)
A2
P (A2)
P (B/A2)
P(A2B)
P(A2/B)
P (B)