An) is a matrix whose rows correspond to decisions and whose columns correspond to events.
A) decision tree model
B) payoff table
C) utility function table
D) scoring model

Question

Quizplus · Accepted Answer

A payoff table is a matrix where rows represent different decisions and columns represent possible outcomes or events, showing the payoff (or loss) associated with each combination of decision and event.

An) Is a Matrix Whose Rows Correspond to Decisions and Whose