OCR MEI D2 2009 June — Question 2

Exam BoardOCR MEI
ModuleD2 (Decision Mathematics 2)
Year2009
SessionJune
TopicModelling and Hypothesis Testing
TypeMarketing and operational strategy decisions

2 Zoe is preparing for a Decision Maths test on two topics, Decision Analysis (D) and Simplex (S). She has to decide whether to devote her final revision session to D or to S . There will be two questions in the test, one on D and one on S . One will be worth 60 marks and the other will be worth 40 marks. Historically there is a 50\% chance of each possibility. Zoe is better at \(D\) than at \(S\). If her final revision session is on \(D\) then she would expect to score \(80 \%\) of the \(D\) marks and \(50 \%\) of the \(S\) marks. If her final session is on \(S\) then she would expect to score \(70 \%\) of the S marks and \(60 \%\) of the D marks.
  1. Compute Zoe's expected mark under each of the four possible circumstances, i.e. Zoe revising \(D\) and the D question being worth 60 marks, etc.
  2. Draw a decision tree for Zoe. Michael claims some expertise in forecasting which question will be worth 60 marks. When he forecasts that it will be the D question which is worth 60 , then there is a \(70 \%\) chance that the D question will be worth 60 . Similarly, when he forecasts that it will be the S question which is worth 60 , then there is a \(70 \%\) chance that the S question will be worth 60 . He is equally likely to forecast that the D or the S question will be worth 60.
  3. Draw a decision tree to find the worth to Zoe of Michael's advice.