I have a decision theory problem:
There are 2 courses available to take in a department. The probabilities to get scores A, B or C are :
Course P(A) P(B) P(C)
X 0.1 0.7 0.2
Y 0.3 0.4 0.3
Where the next values has to be achieved:
A: 4 points
B: 3 points
C: 2 points
To gradute you need at least a B
To get and award you need at most A, but not C
Your choices are : take X, Y or both
What is the optimal decision if you want to graduate?
What is the optimal strategy if you want to get an award?