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Foundations of Quantitative Research Techniques and Statistics $-$ Post$-$Test

Quantitative Research Techniques and Statistics $-$ Decision Analysis

Which of the following statements about decision analysis is false?

A $$ a decision situation can be expressed as either a payoff table or a decision tree diagram

B there is a rollback technique used in decision tree analysis

C $.$ opportunity loss is the difference between what the decision maker's profit for an act is and what the profit could have been had the decision been made

D Decisions can never be made without the benefit of knowledge gained from sampling.

Select an answer and submit. If the time expires before you submit your answer, the exam will automatically go to the next question.