A utility is a quantification of a person's value for various payoffs.
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Q5: Graphical sensitivity analysis is used when the
Q6: In an influence diagram,the circles show chance
Q7: A structured approach to decision making is
Q9: An advantage of decision trees compared to
Q11: Graphical sensitivity analysis is limited to cases
Q11: The probabilities assigned to each state of
Q12: Typically the choice to "do nothing" based
Q13: In order to use the expected value
Q14: Influence diagrams represent complex situations with many
Q15: The expected value approach is used for
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