Which of the Following Is a Decision-Making Approach That Attempts

question 27

Multiple Choice

Which of the following is a decision-making approach that attempts to minimize the regret,or loss,associated with making a nonoptimal decision?

• A)maximax criterion
• B)Laplace criterion
• C)maximin criterion
• D)minimax regret criterion

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Definitions:

Resting

A state of minimal activity or motion, allowing for recovery and rejuvenation of the body or mind.

Olfactory

Refers to the sense of smell or the system in the body responsible for detecting odors.

Odors

Distinctive smells, especially unpleasant ones.

Trochlear

The trochlear is a nerve that controls the movement of the eye muscle responsible for the downward and inward movement of the eye.