If a Decision Maker Can Assign Probabilities of Occurrences to the States

question 76

True/False

If a decision maker can assign probabilities of occurrences to the states of nature, then the decision-making environment is Decision Making under Uncertainty.

---

Definitions:

TRICARE for Life

A healthcare program for U.S. military retirees and their dependents, providing Medicare-wraparound coverage.

Medicare

Medicare is a federal health insurance program in the United States for people aged 65 and older, as well as for some younger people with disabilities.

Payment System

A mechanism established to facilitate the transfer of money between individuals, businesses, and institutions.

Resources

Assets, materials, or other assets that can be used to achieve goals or carry out projects, including natural, financial, and human resources.