Examlex
On some websites, users can give each other customer support or even participate in the creation of solutions, designs and products. This phenomenon is called
Payoff Table
A table used in decision analysis to display the outcomes of different strategies under various states of nature.
Decision Tree Model
A tool for making decisions and predicting outcomes, where choices branch into subsequent potential consequences, forming a tree-like structure.
Conditional Probability
The probability of an event occurring given that another event has already occurred.
Hurdle Rate
The minimum rate of return on a project or investment required by a manager or investor.
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