Question: The study of how changes in the probability assessments for the states of nature or changes in the payoffs affect the recommended decision alternative is
The study of how changes in the probability assessments for the states of nature or changes in the payoffs affect the recommended decision alternative is known as
uncertainty analysis
cost analysis
sensitivity analysis
probability analysis
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
