A tabular presentation that shows the outcome for each decision alternative under the various possible states of nature is called a:
A) payoff tablE.
B) feasible region.
C) Laplace table.
D) decision tree.
E) payback period matrix.

Question

A tabular presentation that shows the outcome for each decision alternative under the various possible states of nature is called a:
A) payoff tablE.
B) feasible region.
C) Laplace table.
D) decision tree.
E) payback period matrix.

Quizplus · Accepted Answer

A payoff table shows the outcome for each decision alternative under the various possible states of nature. It allows decision-makers to compare the potential outcomes of different options and make an informed decision based on the available information.

A Tabular Presentation That Shows the Outcome for Each Decision