Under a condition of ______, little information about the outcomes is available, but the decision maker is able to estimate the probability of occurrence of each alternative.
A)certainty
B)estimation
C)risk
D)uncertainty
E)rationalization

Question

Quizplus · Accepted Answer

In a situation of risk, the decision maker has some knowledge or estimation of the probabilities of different outcomes. However, the outcomes are not certain and some degree of uncertainty still remains.

Under a Condition of ______, Little Information About the Outcomes