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 November 2nd, 2008, 12:47 PM #1 Newbie   Joined: Nov 2008 Posts: 2 Thanks: 0 Decision Analysis If: P(high) = .3 P(low) = .7 P(favorable I high) = .9 P(unfavorable I low) = .6 then P(favorable) = ?
 November 2nd, 2008, 01:20 PM #2 Global Moderator     Joined: Nov 2006 From: UTC -5 Posts: 16,046 Thanks: 938 Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms Re: Decision Analysis P(favorable) = P(favorable | high) * P(high) + P(favorable | low) * P(low)
 November 2nd, 2008, 04:31 PM #3 Newbie   Joined: Nov 2008 Posts: 2 Thanks: 0 Re: Decision Analysis P(favorable) = P(favorable | high) * P(high) + P(favorable | low) * P(low) How do I obtain the P(Favorable I low) value?
November 3rd, 2008, 08:05 AM   #4
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Re: Decision Analysis

Quote:
 Originally Posted by BostonBlaze How do I obtain the P(Favorable I low) value?
You can get it from P(unfavorable | low). Think about what that means...

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