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    Exam 18: Decision Theory and the Normal Distribution
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    Given the Following Opportunity Loss Function,determine the Loss When 400
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Given the Following Opportunity Loss Function,determine the Loss When 400

Question 39

Question 39

Multiple Choice

Given the following opportunity loss function,determine the loss when 400 units are sold. Opportunity loss = 3 (1,000 - X) for X ≤ 1,000,otherwise 0.


A) 1,200
B) 0
C) 600
D) 3
E) 1,800

Correct Answer:

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