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Author Question: A(n) _____ refers to the result obtained when a decision alternative is chosen and a chance event ... (Read 62 times)

fox

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  • Posts: 540
on: Jun 24, 2018
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

Question 2

If a data set has an even number of observations, the median
 a. cannot be determined
  b. is the average value of the two middle items
  c. must be equal to the mean
  d. is the average value of the two middle items when all items are arranged in ascending order


olivia_paige29

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

D


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