The outcomes of uncontrollable future events that can affect the outcome of a decision are known as
A) alternatives.
B) decision events.
C) payoffs.
D) states of nature.
Correct Answer:
Verified
Q1: A tabular presentation of the expected gain
Q2: A decision criterion which weights the payoff
Q3: New information obtained through research or experimentation
Q5: A graphic presentation of the expected gain
Q6: The result obtained when a decision alternative
Q7: Nodes indicating points where a decision is
Q8: The expected value of information that would
Q9: An intersection or junction point of a
Q10: The probability of both sample information and
Q11: A tabular representation of the payoffs for
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