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bwBASIC


			
							         OPPORTUNITY LOSS TABLE  
THIS PROGRAM ASSUMES THERE ARE FROM 1 TO 6 STATES OF NATURE.
THERE ARE ALSO FROM 1 TO 6 POSSIBLE ACTIONS WE CAN TAKE. IF THE
STATE OF NATURE(S OF N) IS KNOWN THEN EACH ACTION LEADS TO
A KNOWN MONETARY RESULT. THIS RESULT IS A CONDITIONAL PROFIT.
FOR EXAMPLE, IF ACTION 3 LEADS TO A $35 PAYOFF WHEN STATE OF
NATURE 4 IS TRUE THEN 35 IS THE CONDITIONAL PROFIT OF ACTION
3 GIVEN STATE OF NATURE 4. IF WE LOOK AT THE CONDITIONAL
PROFIT OF EACH ACTION WITH RESPECT TO A PARTICULAR S OF N
THEN THERE IS A LARGEST PROFIT. THE AMOUNT BY WHICH EACH OF
THE OTHER PROFITS DIFFER FROM THE MAXIMUM IS CALLED THE
OPPORTUNITY LOSS OF THE CORRESPONDING ACTION FOR THE
PARTICULAR STATE OF NATURE. IN THIS PROGRAM ALL OF THE
CONDITIONAL PROFITS ARE ENTERED AND AN OPPORTUNITY LOSS
TABLE IS CONSTRUCTED. EXPECTED OPORTUNITY LOSSES ARE ALSO COMP.
PRESS ENTER TO BEGIN? 
ENTER NUMBER OF POSSIBLE STATES OF NATURE? 3

ENTER PROBABILITY OF S OF N 1 ? 22
ENTER PROBABILITY OF S OF N 2 ? 33
ENTER PROBABILITY OF S OF N 3 ? 44

PROBABILITIES DO NOT SUM TO 1.
ENTER 1 TO STANDARDIZE,0 TO BEGIN OVER? 1

ENTER NUMBER OF POSSIBLE ACTIONS(<=5)? 2
NO PAYOFF MORE THAN 9999.99


ACTION 1 
    PAYOFF WHEN S OF N IS 1 ? 101
    PAYOFF WHEN S OF N IS 2 ? 102
    PAYOFF WHEN S OF N IS 3 ? 103

ACTION 2 
    PAYOFF WHEN S OF N IS 1 ? 201
    PAYOFF WHEN S OF N IS 2 ? 202
    PAYOFF WHEN S OF N IS 3 ? 203
COMPUTING

IS LINE PRINTER OUTPUT DESIRED(Y/N)? Y
 OPPORTUNITY LOSSES OF ACTION GIVEN S OF N 

S N  PR                  ACTION
         ACTION 1 ACTION 2
 1  0.22   100.00     0.00
 2  0.33   100.00     0.00
 3  0.44   100.00     0.00

EXP EOL.   100.00     0.00