Based on the Following Payoff Table, Answer the Following The Bayes' Decision Rule Strategy Is:
A) Small

question 62

Multiple Choice

Based on the following payoff table, answer the following:
$$\begin{array} { | l | r | r | } \hline { \text { Alternative } } & { \text { Yes } } & { \text { No } } \\\hline \text { Brmall } & 10 & 30 \\\hline \text { Medium } & 20 & 40 \\\hline \text { Mediurn Large } & 30 & 45 \\\hline \text { Large } & 40 & 35 \\\hline \text { Extra Large } & 60 & 20 \\\hline \text { Prior Probability } & 0.3 & 0.7 \\\hline\end{array}$$
The Bayes' decision rule strategy is:

• A) small.
• B) medium.
• C) medium large.
• D) large.
• E) extra large.

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