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The document describes three exercises related to decision making under uncertainty: 1) A company must decide how much natural gas to purchase for the winter based on uncertain demand and profit. An influence diagram is required to model the problem. 2) A company must choose between increasing worker hours or investing in new equipment to reduce costs. The expected monetary values of each option must be calculated and the probability threshold that makes one option preferable determined. 3) An individu

Author

shah4190

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EN