Write T (True) or F (False) for each statement below. 2 points for each question. 1. In deterministic models, we know the probability that parameters in the model will take on a specific value 2. Decision making under uncertainty is easier than decision making under risk. 3. Worst case outcomes do not affect the decision under maximax criteris. 4. Expected value of perfect information is the cost of gathering that information. 5. A probability is a numerical statement about the likelihood that an event will occur. 6. In Monty Hall Problem, it is always beneficial to change the decision after one empty door is opened. 7. AHP stands for "Analytical Horizontal Procedure