ceasar5819 ceasar5819
  • 10-11-2020
  • Business
contestada

Choosing the decision alternative with the maximum payoff for the most likely state of nature is called

Respuesta :

AbsorbingMan AbsorbingMan
  • 11-11-2020

Answer:

Maximax

Explanation:

In decision theory, a state of nature can be defined as the uncontrollable natural events, for example freezing temperature or floods, etc.  And a pay off always exists each of the pair of the alternative decisions and the states of nature.

Choosing the best alternative with maximum payoff for any state of nature is called as  maximax.

Answer Link

Otras preguntas

-10 is the difference between 7 andanother number. Find the two possiblenumbers.​
Please answer correctly !!!!!!!!!!!!!!! Will mark Brianliest !!!!!!!!!!!!!!!!!
Find the value of x.
I need help writing an essay for mars
Generate an equivalent expression using prime factorization for each number.24a) 2x2x6b)2x4x3c)2x2x2x3
Thanks for the help!
Which of the following is true for the theoretical yield of a reaction? (1 point) It is always calculated as a ratio. It is the yield from the excess reactant.
Can some one help me
Which of the following choices is an example of a unit rate? A. 10 miles per gallon B. 1 gallon per 10 miles C. 10 miles per 10 gallons
What is the only prime number HURRY