Question: 14. We learned five methods for decision making without probabilities. Which method a decision maker will use in a practical situation is determined by _______________.

14. We learned five methods for decision making without probabilities. Which method a decision maker will use in a practical situation is determined by _______________.

a. the states of nature

b. the decision maker

c. the professor of the decision maker

d. the boss of the decision maker

15. In a regret table in Decision Analysis, no regret is negative.

a. True

b. False

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