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The general order of drawing sheets is similar to that of specifications: ____ are first.
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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