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Author Question: When the expected value approach is used to select a decision alternative, the payoff that actually ... (Read 90 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
When the expected value approach is used to select a decision alternative, the payoff that actually occurs will usually have a value different from the expected value.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A high efficiency rating indicates that the sample information is almost as good as perfect information.
 a. True
  b. False
  Indicate whether the statement is true or false


stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


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