Consider a decision analysis problem whose payoffs (in units of thousands of dollars) are given by the following payoff table: (a) Which alternative should be chosen under the maximin payoff criterion? (b) Which alternative should be chosen under the maximum likelihood criterion? (c) Which alternative should be chosen under Bayes' decision rule? A (d) Using Bayes' decision rule, do sensitivity analysis graphically with respect to the prior probabilities to determine the crossover points where th
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