1. Give the technique that result in a pessimistic decision and the one that results in an optimistic decision.

2. What is the main difference between the expected monetary value and the expected value with perfect information?

3. List 3 pitfalls of regression analysis.

4. Briefly explain what information is provided by an F-test

5. Discuss the relationship between r² and adjusted r². Further explain which of these take into account the number of independent variables.