Question: The in a decision problem represent factors that are important to the decision maker. a. alternatives o b. states of nature O c. criteria O

The in a decision problem represent factors that

The in a decision problem represent factors that are important to the decision maker. a. alternatives o b. states of nature O c. criteria O d. payoffs The decision rule which selects the alternative associated with the smallest maximum opportunity loss is the O a. minimax regret decision rule. ob. minimin decision rule. O c. maximax decision rule. O d. maximin decision rule. The amount of opportunity lost in making a decision is called a. loss. O b. frustration. O c. negative profit. d. regret

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