
Chapter 19
PB
Statistical Decision Theory
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Statistical Decision TheoryStatistical Decision Theory
Statistical Decision
Theory
In any moment of decision the best thing you can do is the right thing, the next
best thing is the wrong thing, and the worst thing you can do is nothing
—Theodore Roosevelt
LEARNING OBJECTIVES
Upon completion of this chapter, you will be able to:
The demand for natural gas has increased world-
wide due to the increase in energy requirements
and the emphasis on environmental protection.
Natural gas, which accounts for 24% of the total
global primary energy supply is the third-largest
contributor to the global ener ...