Author Question: Knowledge can be best described as A) facts, measurements, and statistics. B) an organized ... (Read 52 times)

Mr3Hunna · **on:** Jul 7, 2018

Knowledge can be best described as

A) facts, measurements, and statistics.
B) an organized collection or set of facts.
C) facts, measurements, and statistics that are validated.
D) organized facts set in context and actionable.

Question 2

Which of the following statements about expected utility is true?

A) It does not affect decisions made with expected values.
B) Used in decision making, it is an objective value, not subjective.
C) Used in decision making, it can bring huge risk to a small startup with limited resources.
D) In calculating utility, it assumes the decision will be made thousands of times, making the probabilities more likely on average.