Decision Theory Under Risk | EMV EVPI EPPI | B.COM Statistics | Statistics for All

In this video, we will solve a problem of Decision theory under risk in which we will learn the following topics :
1. How to construct a pay-off matrix table
2. EMV
3. EVPI
4. EPPI
All these methods are used in decision making of operation research.
If you like our work, do give it a thumbs up and let us know in the comments below.
Video link to learn minimax criterion, laplace rule, Hurwicz rule :
• Elementary Decision Th...
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[@user-fq6ei7jp1g]

It's really useful for every student, thank you so much

[@BakulBiker04]

Fablus Tom is my exam nd i was not awer of EvPI thnxx. A lot...i got each point...😎

[@armanbukhari1276]

Very Very Good Video And Extra Good For Your Efforts. Keep It Up! One Day Definitely You Reach Your Goal. Thanks

[@monalirana5136]

Aap bahot acha samjaate ho... 😇😇lekin pls GST vala sum samjaao na

[@beluga8030]

crystal clear

[@henikchauhan2643]

Thank you so much Ma'am 😃😃😃

[@rumankhan2759]

Thankyou so much ma'am 💯

[@MohammadAihyaan]

bohat hard yaar, thanks for making this easy

[@mohitpandey2675]

Thank you for making these type of videos mam...you're doing great work 🙌🏻😇😊its very helpful

[@statisticsforall3433]

Please share with your friends also

[@mohitpandey2675]

@@statisticsforall3433 already done mam😇

[@n144rekhapatel9]

Thanks mam really very helpful vedio. 😊😊😊😊

[@sunitashikhare4185]

Thank you so much dear 🥰 i am confused related this topic .you will simply explain .then my confusion clear now 🙂

[@edutechguruengineeringlear4280]

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[@opplayersinkannada8786]

Tq good teaching keep going

[@gayatrichale9065]

Great work 👍🎉

[@khyatithaker5548]

Thank you so much for this video it's very very very helpful ☺️☺️☺️☺️

[@pratiksadiya9827]

Very nice.........mam

[@KamalKumar-yi7nx]

Thank you mam ❤

[@mukeshregar9985]

Exlent..🙏

[@Realhub24811]

❤ thank u

[@meghnagoralkar4041]

thank you ma'am for explanation but can you make video on Bayes method topic.

[@suroviroy3822]

Thank you so much this helped me a lot ❤❤

[@Devpura]

Where is 1. Maximum likelihood rule 2. Expected Opportunity Loss 3. Decision tree ? Will you make videos on these topics ?

[@Devpura]

Or please explain in comment section

[@edutechguruengineeringlear4280]

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[@edutechguruengineeringlear4280]

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[@kcsikawat9719]

✌💯

[@chintanjain1139]

Thank you it was helpful.

[@sohailkvlogs4054]

Thank you soo much 🤧🤧

[@purpurigaming4825]

Thanks ❤️❤️

[@anshumaheshwari4176]

How we Can calculate probability if it is not given..?

[@statisticsforall3433]

Then take equal probabilities for each event. For eg, if 4 events are given, then prob. for each event is 1/4

[@kartikdesai597]

Thank you very much mam

[@monkeymusics2024]

thank youu 😍

[@saloniagrawal6644]

Mam iska EOl bhi btaona

[@PraveenKumar-di9ce]

I don't know hindi, if explained in English, it will be useful over nation

[@__nemooxx]

Chup saale idli sambar

[@ZinalMistry-cw4bu]

Shortage value not be including sum, So how do calculate in sum?

[@aartigupta3657]

Thank u so much ma'am

[@statisticsforall3433]

Please check out 1st part also of this chapter. It will help you understand more topics. Link for 1st part : kzbin.info/www/bejne/iJSZnmWVn9WZlas

[@aartigupta3657]

@@statisticsforall3433 already checked ma'am

[@vallik1117]

What if the question says he cannot return the unsold newspaper and they didn't mention the demand then what to do?

[@nirmarajpurohit5542]

Ma'am aapki aawaj achhi nahi hai pr samjhane ka tarika achha hai esa lag rha hai koi story pad rha hai ye hi voice heavy hoti to achhha hota

[@n144rekhapatel9]

Di please aap mcq ki vedio banayiye ki kese solve kare because iss year mcq aane vala hai university exam mei .

[@vishaldadresa3495]

Please mem you should make MCQ SOLUTION VIDEOS

[@statisticsforall3433]

I am working on that. Please stay tuned with the channel

[@n144rekhapatel9]

@@statisticsforall3433 thank you so much mam

[@statisticsforall3433]

Please check out the video for Bcom sem 5 MCQs Vnsgu syllabus : kzbin.info/www/bejne/ZnqaZH6ehaagetU

[@statisticsforall3433]

Please check out the video for Bcom sem 5 MCQs Vnsgu syllabus : kzbin.info/www/bejne/ZnqaZH6ehaagetU

[@priyanshutanna1857]

mam just one thing , u made 2 videos for this chapter , that 2 videos cover whole chapter ?

[@statisticsforall3433]

Yes

[@priyanshutanna1857]

@@statisticsforall3433 mam , EOL ? I think it's left out

[@sahilmakavana5579]

No doubt mam

[@yashchotaliya2703]

Maam always demand events side likah ne ka na

[@tanvi_1814]

EOL or regret rule examples video share .

[@HYBRID-GURU]

Ma'am agar questions me likha ho ki (unsold units become useless) to tab ushki cost value minuse hogi?

[@statisticsforall3433]

Cost value will become loss

[@HYBRID-GURU]

@@statisticsforall3433 ok ma'am, thank you

[@newdaykim831]

Your lecture is good bt plz use english to explain so that non Indians also understand. Thank you

[@edutechguruengineeringlear4280]

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[@kartikkacha7702]

Agar probabilities nhi di gyi ho to kya karna h ma'am

[@sunidhizala5573]

Mam aur example Kara sakte haiii Emv method me

[@Mind_Matters63]

F test t test k video dalo

[@statisticsforall3433]

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[@jaybhadiyadra3615]

jab supply 16 hai aur demand 15 hai to 1 extra ke 20 ruppes add nahi karneke use 20 to mil rahe hai aur than 80 ka loss ho raha hai can you explain please....?

[@sahilmehta4882]

areyy haa

[@amarprajapati2579]

Why shortage loss 40rs.

[@user-qz7kp4si1s]

0.05 0.15 kaise pata lagai

[@sumansaraswa210]

Mam aap paper'solution kar do na please mam

[@edutechguruengineeringlear4280]

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[@fitsingh_taran6529]

The solution is wrong,it was written when supply is more there will be 80,please check again

[@edutechguruengineeringlear4280]

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[@sumansaraswa210]

5 years ke paper'ke sums

[@edutechguruengineeringlear4280]

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[@istadgamer12345]

No comment

[@ManitaPrasad]

Thanks ❤