In Decision-Making Under Uncertainty, a Pessimistic Approach Is the __________

question 102

Multiple Choice

In decision-making under uncertainty, a pessimistic approach is the __________.

• A)maximin criterion
• B)maximax criterion
• C)Hurwicz criterion
• D)minimax regret strategy
• E)maximin regret strategy

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Definitions:

Reform Associations

Groups or organizations formed with the intent of advocating for changes and improvements in social, political, or economic conditions.

Itinerant Preachers

Individuals who travel from place to place to preach, often without a permanent church or congregation.

Pamphlets

Brief printed publications, often unbound, that provide information or argue a point on particular subjects.

Foreign-Born Population

Refers to the number of people residing in a country who were not born in that country.