Chapter 9 Quiz - Course 201510 BAD305-O Quantitative...

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Course 201510 BAD305-O Quantitative Methods for Bus Test Quiz_Chapter_9 Attempt Score 80 out of 100 points Question 1 The Maximax criterion is the maximum of ALL payoffs Answers : True False
Question 2 The Maximin criterion is the maximum of the minimum payoffs? Answers:
Question 3 Regret is the difference between the payoff of the best decision and all other decisions? Answers:
Question 4 Regret Table = Opportunity Loss Table? Answers:
Question 5 The Hurwicz criterion uses a coefficient of optimism factor to establish a point between totally optimistic and totally pessimistic? Answers: True False
Question 6 Decision making without probabilities comes down to the decision maker assessing his or her

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