Which of the Following Is Not an Approach for Decision

question 62

Multiple Choice

Which of the following is not an approach for decision making under uncertainty?

• A)decision trees
• B)maximin
• C)maximax
• D)minimax regret
• E)Laplace

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Definitions:

Substantiated

Supported with evidence or proof; verified as being true, accurate, or justified.

Equal Credit Opportunity Act

A U.S. federal law that prohibits discrimination by lenders against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.

Credit Decisions

The process by which lenders determine the creditworthiness of potential borrowers and decide whether to extend credit.

Deceptive Advertising

A marketing practice that misleads or misinforms consumers about a product or service through false claims or omission of crucial information.