decision analysis 3

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Uploaded by on Jun 3, 2008

We continue the previous example from part 2. Now we have the option to hire consultants and conduct a study. The cost of the study is $10,000. We perform a bayes revision on the conditional probabilities.

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  • Thank you. This video is very helpful.

  • I hope you lecture to students, things are very clear with your explanations. thanks for the videos.

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  • thank you for helping me understand this

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