In a multicriteria decision problem
a. it is impossible to select a single decision alternative.
b. the decision maker must evaluate each alternative with respect to each criterion.
c. successive decisions must be made over time.
d. each of these choices are true.
Question 2
The price of a bond is uniformly distributed between 80 and 85.
a. What is the probability that the bond price will be at least 83?
b. What is the probability that the bond price will be between 81 and 90?
c. Determine the expected price of the bond.
d. Compute the standard deviation for the bond price.