An Introduction to Management Science Quantitative Approach
Quiz 13: Decision Analysis
The efficiency of sample information is A)EVSI*(100%). B)EVSI/EVPI*(100%). C)EVwoSI/EVwoPI*(100%). D)EVwSI/EVwoSI*(100%).
Explore answers and all related questions
If P(high)= 0.3,P(low)= 0.7,P(favorable | high)= 0.9,and P(unfavorable | low)= 0.6,then P(favorable)= A)0.10. B)0.27. C)0.30. D)0.55.
Decision tree probabilities refer to the probability of A)finding the optimal strategy. B)the decision being made. C)overlooked choices. D)an uncertain event occurring.
For a maximization problem,the conservative approach is often referred to as the A)minimax approach. B)maximin approach. C)maximax approach. D)minimin approach.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved