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Decision Analysis with Excel

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Published on May 18, 2013

I misspoke twice that alpha is three. It should be 0.3. Also, I originally made a mistake in question 3: equal likelihood method in my first recording. I redid it and fixed it. But I didn't redo the rest 5 questions. Therefore, when you see equal likelihood part after 8'04" mark, that part is wrong.

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