Question: 1. What does it means to perform decision making under assumed certainty, risk, and uncertainty? Provide an example. 2. Why is a spreadsheet so conducive

1. What does it means to perform decision making under assumed certainty, risk, and uncertainty? Provide an example. 2. Why is a spreadsheet so conducive to the development of DSS? 3. What are some difficulties that may arise when analyzing multiple goals? 4. What are some reasons for performing sensitivity analysis, a what-if analysis? As a manager, why would you use them? 5. How would you use a decision tree in decision making? 6. What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty? In your opinion is one approach better than the other, why or why not

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