The Growth of Big Data Techniques Has Expanded the Use

question 31

Multiple Choice

The growth of big data techniques has expanded the use of which decision-making approach?

• A) Administrative
• B) Classical
• C) Intuitive
• D) Political
• E) Bureaucratic

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Definitions:

State of Nature Nodes

Decision-making points in decision tree analysis representing different scenarios or outcomes that are not under the control of the decision-maker.

EMV

EuroPay, MasterCard, and Visa, a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

Decision Table

A tabular method for representing and analyzing rules and decision-making scenarios, showing inputs and their associated outcomes.

State of Nature

A future condition or occurrence in decision theory that is beyond the control of decision makers and can affect the outcomes of decisions.