The ___________ approach evaluates each decision alternative in ...

[jenna1]

The ___________ approach evaluates each decision alternative in terms of the best payoff that can occur.
 a. conservative
  b. optimistic
  c. maximin regret
  d. expected value

Question 2

Lines showing the alternatives from decision nodes and the outcomes from chance nodes are called
 a. weights.
  b. payoffs.
  c. diagonals.
  d. branches.

[thall411]

Answer to Question 1

b
RATIONALE: The optimistic approach evaluates each decision alternative in terms of the best payoff that can occur. The decision alternative that is recommended is the one that provides the best possible payoff.

Answer to Question 2

d
RATIONALE: Lines showing the alternatives from decision nodes and the outcomes from chance nodes are called branches.

[jenna1]

Thanks for the timely response, appreciate it

[elyse44]

Wow, this really help