« previous next »

Author Question: _____________ are possible outcomes for chance events that affect the consequences associated with a ... (Read 108 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 24, 2018
_____________ are possible outcomes for chance events that affect the consequences associated with a decision alternative.
 a. Payoffs
  b. Forecasts
  c. Decision trees
  d. States of nature

Question 2

A(n) _________ refers to the result obtained when a decision alternative is chosen and a chance event occurs.
 a. payoff table
  b. outcome
  c. state of nature
  d. node


apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 24, 2018
Answer to Question 1

d
RATIONALE: States of nature are possible outcomes for chance events that affect the payoff associated with a decision alternative.

Answer to Question 2

b
RATIONALE: An outcome refers to the result obtained when a decision alternative is chosen and a chance event occurs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Summary of events in a typical humoral immune response. Summary of events in a typical humoral immune response.
Summary of events in the killing of virus-infected cells by cytotoxic T cells. Summary of events in the killing of virus-infected cells by cytotoxic T cells.
Model for the events occurring around a single replication fork Model for the events occurring around a single replication fork
Major Events in the History of Psychology Major Events in the History of Psychology
Tragic events of mass shootings. Tragic events of mass shootings.
Consequences of Self-Fertilization for Genotype Frequencies Consequences of Self-Fertilization for Genotype Frequencies
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library