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Author Question: The decision criterion that would be used by an optimistic decision maker solving a problem under ... (Read 109 times)

CharlieWard

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on: Dec 3, 2019

Question 1

Doing nothing would yield how much profit if favorable market conditions prevail according to the following decision table?

AlternativeFavorable marketUnfavorable Market
Do Nothing$20,000-$10,000

◦ -$10,000
◦ $0
◦ $20,000
◦ $5,000
◦ unable to determine

Question 2

The decision criterion that would be used by an optimistic decision maker solving a problem under conditions of uncertainty would be the
◦ minimin criterion.
◦ maximin criterion.
◦ expected monetary value criterion.
◦ maximax criterion.
◦ equally likely criterion.
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Marked as best answer by CharlieWard on Dec 3, 2019

Jevvish

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CharlieWard

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Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it

raili21

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Reply 3 on: Yesterday
Excellent

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