_____ represent a future outcome that can occur after a decision is made that are not under the control of the decision maker.
A) Decision alternatives
B) Events
C) Payoffs
D) Probabilities

Question

Quizplus · Accepted Answer

Events represent future outcomes that can occur regardless of the decision maker's control. Decision alternatives are the options the decision maker can choose from. Payoffs are the benefits or costs resulting from the chosen decision alternative. Probabilities are the likelihood of each event occurring.

_____ Represent a Future Outcome That Can Occur After a Decision