A decision criterion which weights the payoff for each decision by its probability of occurrence is known as the
A)payoff criterion
B)expected value criterion
C)probability
D)expected value of perfect information

Name: A decision criterion which weights the payoff for each decision by its probability of occurrence is known as the A)payoff criterion B)expected value criterion C)probability D)expected value of perfect information
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is B

A Decision Criterion Which Weights the Payoff for Each Decision