Question: Please answer carefully What information does a decision maker need in order to perform an expected-value analysis of a problem? What options are available to

Please answer carefully

Please answer carefully What information does a decision maker need in order

What information does a decision maker need in order to perform an expected-value analysis of a problem? What options are available to the decision maker if the probabilities of the states of nature are unknown? Can you think of a way you might use sensitivity analysis in such a case

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