A Special Case of Sample Information Where the Information Tells

question 27

Multiple Choice

A special case of sample information where the information tells the decision maker exactly which state of nature is going to occur is known as __________ information.

• A)perfect
• B)mutual
• C)conditional
• D)prior

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Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer.

First National Bank

A commonly used name for banks in various countries, typically indicating it was the first bank chartered under national laws.

Deposit Slip

A document that accompanies bank deposits, detailing the amount of cash and/or checks being deposited.

Currency

A system of money in general use in a particular country.