A small decision analysis 1
Each visitor spends $2.53 on average, a video ad costs $0.25 and a text ad costs $0.05. Let's figure out the probable profit when using video ads and text ads!
This exercise is part of the course
Fundamentals of Bayesian Data Analysis in R
Hands-on interactive exercise
Have a go at this exercise by completing this sample code.
visitor_spend <- 2.53
video_cost <- 0.25
text_cost <- 0.05
# Add the column posterior$video_profit