Decision making under certainty is used to choose an alternative when we have probability information for each state of nature.

Name: Decision making under certainty is used to choose an alternative when we have probability information for each state of nature.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Decision making under certainty involves choosing an alternative when the outcome of each alternative is known with certainty, without the need for probability information for each state of nature.

Decision Making Under Certainty Is Used to Choose an Alternative