A potential shortcoming of the _____ is that it represents the average outcome if the event is repeated many times.
A) expected value analysis
B) transaction processing analysis
C) maximin analysis
D) satisficing approach
E) synectics approach

Question

Quizplus · Accepted Answer

The expected value analysis is based on calculating the average outcome of an event over many repetitions. However, this approach may not always be accurate as it assumes that the events will occur in the same manner over time, which may not be the case. Additionally, unexpected or significant events may impact the outcome in a way that the expected value does not account for.

A Potential Shortcoming of the _____ Is That It Represents