1) Set up the opportunity loss table. 2) Draw the decision tree (Note: You may use any software for making tree diagram, but

1) Set up the opportunity loss table. 2) Draw the decision tree (Note: You may use any software for making tree diagram, but snapshot of handwritten tree will be unacceptable) 3) According to Niharika’s latest research, she has assigned the following probabilities to the four scenarios (states of nature), determine the EMV decision; P(s1) = 0.4 P(s2) = 0.1 P(s3) = 0.3 P(s4) = 0.2. (Note: Do mention the decision based on the analysis clearly in few sentences.) (10 Marks) 2. From the following data, check the correlation of ‘Migrants person’ (Migration form Urban areas of J & K to another urban areas of J &K) with the below given variables. Write your conclusion with respect to the correlation coefficient and Scatter Diagram.


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