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November 2nd, 2008, 01:47 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, 02:20 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, 05:31 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, 09:05 AM  #4  
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 Quote:
 

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