36. Of the three components in any decision-making situation, which of the following cannot be controlled?

A) Alternatives

B) Payoff

C) States of nature

D) Seasonal indexes

37. Besides a payoff table, the information for decision analysis can be organized using a

A) decision tree.

B) scatter diagram.

C) fishbone diagram.

D) Pareto chart.

38. Applying probabilities to a payoff table results in:

A) expected opportunity loss.

B) expected monetary value.

C) expected value of perfect information.

D) decision tree.