________ is the condition in which the decision maker is able to estimate the likelihood of certain outcomes.
A)Certainty
B)Risk
C)Uncertainty
D)Maximax
E)Maximin

Question

Quizplus · Accepted Answer

Risk is the condition in which the decision maker is able to estimate the likelihood of certain outcomes. In this situation, the decision maker has partial knowledge about the outcomes and can apply probabilities to them. This allows the decision maker to make informed decisions based on the available information.

________ Is the Condition in Which the Decision Maker Is