To calculate expected profit under certainty,we need to have perfect information about which event will occur.

Name: To calculate expected profit under certainty,we need to have perfect information about which event will occur.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

To calculate expected profit under certainty, we need to have perfect information about which event will occur. This means there is no uncertainty or risk involved in the calculation, and we know exactly what the outcome will be.

To Calculate Expected Profit Under Certainty,we Need to Have Perfect