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Social Studies, 17.09.2019 00:00 catty7343

Which of the following is a requirement to be able to compute expected monetary value? a. the probability of each state of nature is known b. each decision alternative needs at least two states of nature c. the probability of each decision alternative is known d. each state of nature is equally likely to occur

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Which of the following is a requirement to be able to compute expected monetary value? a. the proba...
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