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Module 3 Decision Theory and the Normal Distribution

Module 3 Decision Theory and the Normal Distribution. Prepared by Lee Revere and John Large. Learning Objectives. Students will be able to: Understand how the normal curve can be used in performing break-even analysis.

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296 views • 15 slides

Module 3 Decision Theory and the Normal Distribution

Module 3 Decision Theory and the Normal Distribution. Learning Objectives. Students will be able to Understand how the normal curve can be used in performing break-even analysis. Compute the expected value of perfect information (EVPI) using the normal curve.

★ ★ ★ ★ ★

354 views • 8 slides

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Opportunity loss function - PowerPoint PPT Presentation

Module 3 Decision Theory and the Normal Distribution

Module 3 Decision Theory and the Normal Distribution