This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The study of how changes in the probability assessments for the states of nature or changes in the ... (Read 141 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 24, 2018
The study of how changes in the probability assessments for the states of nature or changes in the payoffs affect the recommended decision alternative is known as
 a. uncertainty analysis. b. cost analysis.
  c. sensitivity analysis. d. probability analysis.

Question 2

___________ is the study of the possible payoffs and probabilities associated with a decision alternative or a decision strategy in the face of uncertainty.
 a. Risk analysis
  b. Cost analysis
  c. Certainty analysis
  d. Optimization


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eunice618

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: Sensitivity analysis is the study of how changes in the probability assessments for the states of nature or changes in the payoffs affect the recommended decision alternative.

Answer to Question 2

a
RATIONALE: Risk analysis is the study of the possible payoffs and probabilities associated with a decision alternative or a decision strategy in the face of uncertainty.


dollx

  • Member
  • Posts: 558
Reply 2 on: Jun 24, 2018
Excellent

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Population Projections of the United States Population Projections of the United States
Sperry’s classic study of eye rotation and regeneration. Sperry’s classic study of eye rotation and regeneration.
Food Assistance Programs in the United States Food Assistance Programs in the United States
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
A GWAS study for Type 2 diabetes revealed 386,371 genetic markers, clustered here by chromosome numb A GWAS study for Type 2 diabetes revealed 386,371 genetic markers, clustered here by chromosome numb
Prevalence rates of obesity in the United States, 2014 Prevalence rates of obesity in the United States, 2014
Video: Pericarditis

For a complete list of videos, visit our video library