Which of the following is true?
A)The expected value under certainty is equal to the expected cost of uncertainty minus the expected value under uncertainty.
B)The expected value under uncertainty is equal to the expected cost of uncertainty minus the expected value under certainty.
C)The expected cost of uncertainty is equal to the expected value under uncertainty minus the expected value under certainty.
D)The expected cost of uncertainty is equal to the expected value under certainty minus the expected value under uncertainty.

Question

Quizplus · Accepted Answer

The expected cost of uncertainty is the difference between the expected value under certainty and the expected value under uncertainty. Therefore, the equation would be:

Expected cost of uncertainty = Expected value under certainty - Expected value under uncertainty

Therefore, option D is the correct answer.

Which of the Following Is True