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When decision making, if both probabilities and states of nature are unknown, how do you proceed? Question 26 options: Formulate a different problem where at
When decision making, if both probabilities and states of nature are unknown, how do you proceed? Question 26 options: Formulate a different problem where at least probabilities or states of nature are known Assume either probabilities are equal or states of nature are equal Assume probabilities are equal and states of nature are equal Review past performance to determine probabilities
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