When the expected value approach is used to select a decision ...

[gbarreiro]

When the expected value approach is used to select a decision alternative, the payoff that actually occurs will usually have a value different from the expected value.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A high efficiency rating indicates that the sample information is almost as good as perfect information.
 a. True
  b. False
  Indicate whether the statement is true or false

[stallen]

Answer to Question 1

TRUE

Answer to Question 2

TRUE