A tabular presentation that shows the outcome for each decision alternative under the various possible states of nature is called a
A) decision tree.
B) payoff table.
C) feasible region.
D) payback matrix.

Question

Quizplus · Accepted Answer

The outcome for each decision alternative under the various possible states of nature is shown in a payoff table, which enables decision-makers to evaluate and compare the various alternatives. Therefore, the payoff table is the best choice for this kind of analysis.

A Tabular Presentation That Shows the Outcome for Each Decision