Explain in your own words what an uncertain quantity or random variable is. Why is the idea

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Explain in your own words what an uncertain quantity or random variable is. Why is the idea of an uncertain quantity important in decision analysis?

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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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Question Posted: Dec 22, 2015 02:00 AM

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Explain in your own words what an uncertain quantity or random variable is. Why is the idea

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An uncertain quantity or random variable is an event ...View the full answer

Making Hard Decisions with decision tools

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