An outcome over which the decision maker has no control is called:
A)Condition
B)Random variable
C)Alternative
D)State of nature
E)Consequence

Name: An outcome over which the decision maker has no control is called: A)Condition B)Random variable C)Alternative D)State of nature E)Consequence
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A state of nature refers to an outcome or event that is beyond the control of the decision maker, typically in the context of decision-making under uncertainty.

An Outcome Over Which the Decision Maker Has No Control