Payoff matrix is useful when the decision-making conditions have ...

[meagbuch]

Payoff matrix is useful when the decision-making conditions have an element of risk such
  that the probability of occurrence of each outcome cannot be estimated

 
  Indicate whether the statement is true or false.

Question 2

To use the decision tree, the manager needs to estimate probabilities for each alternative on
  all branches of the tree.

 
  Indicate whether the statement is true or false.

[heyhey123]

Answer to Question 1

F

Answer to Question 2

T

[meagbuch]

TYSM

[fatboyy09]

Thanks for the timely response, appreciate it