Using sensitivity analysis, one can check whether the "best" decision continues to be the "best" decision over a wide range of probabilities.

Question

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Sensitivity analysis is used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions. In decision-making, it helps to assess how the "best" decision might change with varying probabilities, ensuring that the decision remains optimal across different scenarios.

Using Sensitivity Analysis, One Can Check Whether the "Best" Decision