A tabular representation of the payoffs for a decision problem is a _____.
a. decision tree
b. payoff table
c. matrix
d. sequential matrix
Question 2
For a situation with weekly dining at either an Italian or Mexican restaurant,
a. the weekly visit is the trial and the restaurant is the state.
b. the weekly visit is the state and the restaurant is the trial.
c. the weekly visit is the trend and the restaurant is the transition.
d. the weekly visit is the transition and the restaurant is the trend.