7. The Oakland Bombers professional basketball team just missed making the playoffs last season and believes it needs to sign only one very good free agent to make the playoffs next season. The team is considering four players: Barry Byrd, Ravneal O Neil, Marvin Johnson, and Michael Gordan. Each player differs according to position, ability, and attractiveness to fans. The payoffs (in $1,000,000s) to the team for each player, based on the contract, profits from attendance, and team product sales for several different season outcomes, are provided in the following table: Season Outcome Makes Player 45ser Competitive Playoffs Byrd 5 32 S 13 4.4 O'Neil 5.1 1.8 6.3 Jehnson 2.7 0.7 5.8 Gordan 6.3 1.6 9.6 Determine the best decision, using the following decision criteria. Maximax b. Maximin c. Hurwicz (a = .6) d. Equal likelihood

7. The Oakland Bombers professional basketball team just missed making the playoffs last season and believes it needs to sign only one very good free agent to make the playoffs next season. The team is considering four players: Barry Byrd, Ravneal O Neil, Marvin Johnson, and Michael Gordan. Each player differs according to position, ability, and attractiveness to fans. The payoffs (in $1,000,000s) to the team for each player, based on the contract, profits from attendance, and team product sales for several different season outcomes, are provided in the following table: Season Outcome Makes Player 45ser Competitive Playoffs Byrd 5 32 S 13 4.4 O'Neil 5.1 1.8 6.3 Jehnson 2.7 0.7 5.8 Gordan 6.3 1.6 9.6 Determine the best decision, using the following decision criteria. Maximax b. Maximin c. Hurwicz (a = .6) d. Equal likelihood

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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