1 If we take multiply the dollar value of each outcome by the probability of that outcome, the result is a expected value b utility c value of perfect information d none of the above type answer here, as a lower case letter

2 A decision table describes results associated with which of the following? a two decision variables b one decision variable and one uncertain variable c two uncertain variables d none of the above type answer here, as a lower case letter 3 If the expected value of perfect information is 0, which of the following is true? a The expected value of imperfect information is less than 0 b The result of learning the information has no chance of changing the preferred alternative c The information has no effect on expected payoffs d none of the above type answer here, as a lower case letter 4 Which decision rule is most concerend with downside risk a Expected monetary value b Maximax c Maximin d none of the above type answer here, as a lower case letter