Question: Every decision situation has three major components. Match the descriptions given below with the correct components The uncontrollable, random future events and as to the

Every decision situation has three major components. Match the descriptions given below with the correct components The uncontrollable, random future events and as to the specific events that will actually occur is not known by the decision maker The choices available to the decision maker: the decision maker is in control of which to select. The estimated quantitative outcomes for each combination of the components Choose... Choose... Decision States of nature Payoff strategy Probability Option

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