The Decision Rule in Decision Making Under Uncertainty That Is

question 5

Multiple Choice

The decision rule in decision making under uncertainty that is most appropriate for the pessimistic manager would be:

• A) maximin.
• B) maximax.
• C) Laplace.
• D) minimax regret.

Recognize the significance of using both internal and external experts when estimating training benefits.

Calculate training program utility and interpret its implications for decision making.

Comprehend the various cost components involved in a training program and their impact on ROI calculations.

Understand the concept and application of cost-effectiveness in training programs.