If all the uncontrollable inputs into the decision-making process are known to the decision maker,the model of decision making is known as "stochastic."

Name: If all the uncontrollable inputs into the decision-making process are known to the decision maker,the model of decision making is known as "stochastic."
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Quizplus · Accepted Answer

If all uncontrollable inputs are known, then the model would be deterministic, not stochastic. Stochastic models involve probability and uncertainty in the input variables.

If All the Uncontrollable Inputs into the Decision-Making Process Are