Michael is using a statistical model to evaluate the alternatives for a particular decision.He is most likely ___________.
A)converting a nonprogrammed to a programmed decision
B)an operations management specialist supporting the management team
C)making his decision under the condition of risk
D)moving his decision condition from risk to uncertainty

Question

Quizplus · Accepted Answer

Using a statistical model indicates that Michael is making his decision under conditions of risk, where the outcomes and probabilities are known and can be estimated.

Michael Is Using a Statistical Model to Evaluate the Alternatives