Under conditions of risk,which of the following can the decision maker use to help arrive at a decision?
A) Risk-averting approach
B) Synectics approach
C) Maximin analysis
D) Expected value analysis
E) Certainty analysis

Question

Quizplus · Accepted Answer

Expected value analysis is used under conditions of risk to evaluate the potential outcomes by considering the probabilities of different events and their respective payoffs.

Under Conditions of Risk,which of the Following Can the Decision