Future events that cannot be controlled by the decision maker are called
A) indicators
B) states of nature
C) prior probabilities
D) posterior probabilities
Correct Answer:
Verified
Q4: A graphic presentation of the expected gain
Q5: The uncontrollable future events that can affect
Q6: Nodes indicating points where a decision is
Q7: In computing an expected value (EV), the
Q8: The probability of one event given the
Q9: The probability of both sample information and
Q10: The result obtained when a decision alternative
Q11: An uncertain future event affecting the consequence,
Q13: A line or arc connecting the nodes
Q14: The expected opportunity loss of the best
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