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25 probability - PowerPoint PPT Presentation

SCENARIOS

P( q ). q 1. q 2. q 3. q 4. q 5. q. SCENARIOS. Discretize it. Option 1: pick values of probabilities. For example, for 3 values, pick 25%, 50% and 25% probability and find the values. Use the cumulative curve to locate the numbers. Consider each parameter probability distribution.

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25 probability - PowerPoint PPT Presentation

SCENARIOS