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Belinda wants to record a record album,but doesn't know how to begin.Her friend,Carlyle,says,"Why don't you start by deciding with whom you'd like to work and then make a list of other tasks,so you can check them off as you complete them?" Carlyle is suggesting ____.
Decision Tree
is a graphical tool used in decision-making, which represents different choices and their possible outcomes, including chance event outcomes, resource costs, and utility.
EMV
Stands for EuroPay, MasterCard, and Visa, a standard for the interoperability of chip cards and chip-card capable payment terminals and ATMs, for authenticating credit and debit card transactions.
Maximin Criterion
A decision-making rule used for minimizing the worst-case scenario loss.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.
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