« previous next »

Author Question: _____________ are possible outcomes for chance events that affect the consequences associated with a ... (Read 77 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 24, 2018
_____________ are possible outcomes for chance events that affect the consequences associated with a decision alternative.
 a. Payoffs
  b. Forecasts
  c. Decision trees
  d. States of nature

Question 2

A(n) _________ refers to the result obtained when a decision alternative is chosen and a chance event occurs.
 a. payoff table
  b. outcome
  c. state of nature
  d. node


apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 24, 2018
Answer to Question 1

d
RATIONALE: States of nature are possible outcomes for chance events that affect the payoff associated with a decision alternative.

Answer to Question 2

b
RATIONALE: An outcome refers to the result obtained when a decision alternative is chosen and a chance event occurs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

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?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Major Events in the History of Psychology (3 of 6) Major Events in the History of Psychology (3 of 6)
Major Events in the History of Psychology (5 of 6) Major Events in the History of Psychology (5 of 6)
Older people who experienced stressful events in their younger years may show personal growth and ... Older people who experienced stressful events in their younger years may show personal growth and ...
The cascade of events by which the stroke-induced release of glutamate kills neurons. The cascade of events by which the stroke-induced release of glutamate kills neurons.
Events of an Ovarian/Mentrual Cycle Lasting Twenty-Eight Days Events of an Ovarian/Mentrual Cycle Lasting Twenty-Eight Days
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library