This topic contains a solution. Click here to go to the answer

Author Question: The ___________ approach evaluates each decision alternative in terms of the best payoff that can ... (Read 127 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

  • Sr. Member
  • ****
  • Posts: 332
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

  • Member
  • Posts: 568
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library