Examlex
If a bioarchaeologist is looking at the fusion of epiphyses on a human skeleton, he or she is most likely trying to determine:
Opportunity Loss
The difference in value between the chosen option and the best possible option that was not chosen.
Optimal Alternative
The best or most effective option among a set of alternatives, under given conditions.
Expected Monetary Value(EMV)
A calculated average of all possible outcomes of a decision, where each outcome is weighted by its probability of occurring and its monetary impact.
Opportunity Loss Table
A table used in decision making to show the lost opportunities or costs associated with not choosing the best alternative.
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