5. Which risk analysis criterion is best to use when outcomes are certain and the probability of eabh outcome is available? a. Minimax b. Maximax c. Maximin (d.) Expected value 6. In the minimax regret criterion, what does regret represent? a. Not spending more time performing the analysis (D.) Opportunity loss c. Failure to obtain an expected value d. Calculating probabilities incorrectly 7. Which decision-making analysis approach focuses on selecting the alternative that maximizes the greatest payoff available? a. Minimax criterion b. Maxiprofit criterion (c) Maximax criterion d. Maximin criterion 8. When creating a decision tree, which symbol is used to identify a decision node? (a) Square (box) b. Oval c. Circle d. Line 9. When creating a decision tree, which symbol is used to identify an outcome node? a. Square (box) b. Oval (c) Circle d. Line