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14. We learned five methods for decision making without probabilities. Which method a decision maker will use in a practical situation is determined by _______________.
14. We learned five methods for decision making without probabilities. Which method a decision maker will use in a practical situation is determined by _______________.
a. the states of nature
b. the decision maker
c. the professor of the decision maker
d. the boss of the decision maker
15. In a regret table in Decision Analysis, no regret is negative.
a. True
b. False
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