Author Question: A graphic presentation of the expected gain from the various options open to the decision maker is ... (Read 115 times)

debasdf · **on:** Jun 24, 2018

A graphic presentation of the expected gain from the various options open to the decision maker is called _____.
a. a payoff table
b. a decision tree
c. the expected opportunity loss
d. the expected value of perfect information

Question 2

A unique matrix of transition probabilities should be developed for each customer.
Indicate whether the statement is true or false