The goal of decision analysis is to focus on obtaining good outcomes.
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Q6: Under certainty the outcome of each alternative
Q7: Payoff and state of nature are two
Q8: The two primary decision environments are certainty
Q9: Good decisions always result in good outcomes.
Q10: The more complex the decision the less
Q12: There are two main categories of decision
Q13: The maximax criterion is a nonprobabilistic decision
Q14: Uncertainty in the decision environment is defined
Q15: When the outcome of a decision is
Q16: Most business decisions are made in an
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