MAT/543 MAT543 MAT 543 WEEK 7 Discussion
- strayer university / MAT 543
- 30 Mar 2018
- Price: $7
- Other / Other
MAT 543 WEEK 7 Discussion
Week 7 Discussion
"Decision Analysis" Please respond to the following:
- Compare the primary strengths and weaknesses of
cost-benefit analysis (CBA), cost-effectiveness analysis (CEA), and
cost-utility analysis (CUA). Give your opinion on which method you believe
to be the most effective in economic evaluation.
- Using the umbrella decision-making example on page 198
of the textbook, suppose the probability of rain is 0.6, the ruined
clothes cost is $30, and the lost umbrella costs are $2. Come to a
decision based upon these assumptions, and determine the break-even
probability of rain.
USA 
India