Dianna Ivy Is Evaluating a Plan to Expand the Production

question 41

Multiple Choice

Dianna Ivy is evaluating a plan to expand the production facilities of International Compressors Company which manufactures natural gas compressors.Dianna feels that the price of coal is a significant factor in her decision, but she cannot control it.She is able to estimate how much the company would make under various prices of coal.Her estimates would represent the ___________.

• A)payoffs
• B)decision alternatives
• C)states of nature
• D)revised probabilities
• E)prior probabilities

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Borda Count

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